Your email has been sent.
857 Downtowner Blvd 19,110 SF 81% Leased Office Building Mobile, AL 36609 $899,000 ($47.04/SF) 6.98% Cap Rate
Executive Summary
857 Downtowner Blvd | Mobile, AL
Wise Living Real Estate is pleased to present 857 Downtowner Blvd, a multi-tenant retail and office investment opportunity located along one of Mobile's established commercial corridors.
Situated on 1.29 acres and zoned B-2, the property consists of 21,142 total square feet with approximately 19,110 rentable square feet divided among nine suites. The center is currently 82.09% occupied, with three vacant suites offering immediate lease-up potential while generating existing cash flow.
Recent capital improvements include a new roof and resurfaced parking lot, both completed in 2025, reducing near-term capital expenditure requirements.
Suite A is occupied by a medical tenant and is the only tenant currently operating under a long-term lease. The remaining occupied suites are leased on a month-to-month basis, while three suites are currently vacant, providing a new owner with significant upside through lease-up, lease renewals, rental rate increases, and strategic tenant improvements.
Available Suites
* Suite B – 1,500 SF office space
* Suite D – 848 SF with an open layout and one private office
* Suite K – 1,075 SF with large conference and meeting rooms suitable for training, meetings, or collaborative workspace
Investment Highlights
* 1.29 Acres
* B-2 Zoning
* 21,142 Total Building SF
* 19,110 Rentable SF
* Nine Suites
* 82.09% Occupied
* 17.91% Vacant
* Three Vacant Suites
* Prime Downtowner Blvd Location
* New Roof (2025)
* Resurfaced Parking Lot (2025)
Financial Summary
Offering Price: $899,000
Cap Rate: 6.98%
Annual Gross Rental Income: $99,429.96
Net Operating Income (NOI): $62,744.96
Annual Operating Expenses: $36,685.00
Annual Operating Expenses
* Property Taxes: $10,885
* Insurance: $18,000
* Waste Management: $4,200
* Common Area Lighting: $1,200
* Lawn Care: $2,400
Total Operating Expenses: $36,685
857 Downtowner Blvd offers investors immediate cash flow with substantial upside through lease-up, converting month-to-month tenants to long-term leases, and increasing rental rates over time.
Listing information deemed reliable but not guaranteed. Buyer to verify all information to their satisfaction during the due diligence period.
Property Facts
Amenities
- 24 Hour Access
- Bus Line
- Signage
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
857 Downtowner Blvd, Suite B is now available for lease. This ±1,500 SF office suite offers a functional layout that is well suited for a variety of professional office users. The space features a welcoming waiting area, a reception office, five private offices, and two restrooms. Water , sewer and garbage is included in rent Property Features * ±1,500 SF * Waiting Area * Reception Office * 5 Private Offices * 2 Restrooms * Zoned B-2 * Convenient Access to Major Thoroughfares * Suitable for a Variety of Office & Commercial Uses For more information or to schedule a private tour, contact Weston Robles at (251) 979-9500.
857 Downtowner Blvd, Suite D is now available for lease. This ±848 SF office suite offers an efficient layout that is ideal for a variety of professional office users. The space features a waiting area, a large open concept room, one private office, and one restroom. Water , sewer and garbage is included in rent Property Features * ±848 SF * $800 Per Month * Waiting Area * Large Open Concept Room * 1 Private Office * 1 Restroom * Zoned B-2 * Suitable for a Variety of Office & Commercial Uses For more information or to schedule a private tour, contact Weston Robles at (251) 979-9500.
857 Downtowner Blvd, Suite K is now available for lease. This ±1,075 SF office suite offers a flexible layout that is ideal for a variety of office and commercial users. The space features a reception area, two large rooms that are well suited for conference space, training, meetings, or other business needs, two restrooms, and a large storage closet. Property Features * ±1,075 SF * Reception Area * 2 Large Multi-Purpose Rooms * Large Storage Closet * 2 Restrooms * Water, Sewer & Garbage Included in Rent * Zoned B-2 * Suitable for a Variety of Office & Commercial Uses For more information or to schedule a private tour, contact Weston Robles at (251) 979-9500.
| Space | Size | Space Use | Build-Out | Available |
| 1st Fl-Ste B | 1,500 SF | Retail | Full Build-Out | Now |
| 1st Fl-Ste D | 848 SF | Retail | - | Now |
| 1st Fl-Ste k | 1,075 SF | Retail | - | Now |
1st Fl-Ste B
| Size |
| 1,500 SF |
| Space Use |
| Retail |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
1st Fl-Ste D
| Size |
| 848 SF |
| Space Use |
| Retail |
| Build-Out |
| - |
| Available |
| Now |
1st Fl-Ste k
| Size |
| 1,075 SF |
| Space Use |
| Retail |
| Build-Out |
| - |
| Available |
| Now |
1st Fl-Ste B
| Size | 1,500 SF |
| Space Use | Retail |
| Build-Out | Full Build-Out |
| Available | Now |
857 Downtowner Blvd, Suite B is now available for lease. This ±1,500 SF office suite offers a functional layout that is well suited for a variety of professional office users. The space features a welcoming waiting area, a reception office, five private offices, and two restrooms. Water , sewer and garbage is included in rent Property Features * ±1,500 SF * Waiting Area * Reception Office * 5 Private Offices * 2 Restrooms * Zoned B-2 * Convenient Access to Major Thoroughfares * Suitable for a Variety of Office & Commercial Uses For more information or to schedule a private tour, contact Weston Robles at (251) 979-9500.
1st Fl-Ste D
| Size | 848 SF |
| Space Use | Retail |
| Build-Out | - |
| Available | Now |
857 Downtowner Blvd, Suite D is now available for lease. This ±848 SF office suite offers an efficient layout that is ideal for a variety of professional office users. The space features a waiting area, a large open concept room, one private office, and one restroom. Water , sewer and garbage is included in rent Property Features * ±848 SF * $800 Per Month * Waiting Area * Large Open Concept Room * 1 Private Office * 1 Restroom * Zoned B-2 * Suitable for a Variety of Office & Commercial Uses For more information or to schedule a private tour, contact Weston Robles at (251) 979-9500.
1st Fl-Ste k
| Size | 1,075 SF |
| Space Use | Retail |
| Build-Out | - |
| Available | Now |
857 Downtowner Blvd, Suite K is now available for lease. This ±1,075 SF office suite offers a flexible layout that is ideal for a variety of office and commercial users. The space features a reception area, two large rooms that are well suited for conference space, training, meetings, or other business needs, two restrooms, and a large storage closet. Property Features * ±1,075 SF * Reception Area * 2 Large Multi-Purpose Rooms * Large Storage Closet * 2 Restrooms * Water, Sewer & Garbage Included in Rent * Zoned B-2 * Suitable for a Variety of Office & Commercial Uses For more information or to schedule a private tour, contact Weston Robles at (251) 979-9500.
Property Taxes
| Parcel Number | 28-07-25-2-000-017.01 | Improvements Assessment | $147,420 |
| Land Assessment | $45,140 | Total Assessment | $192,560 |
Property Taxes
Contact the Sale Advisor
857 Downtowner Blvd