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Merchants Plaza 3 biens | À vendre | 10 268 153 € | Mobile, AL
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Informations principales sur l'investissement
- Historic Downtown Mobile landmark revitalized through a multimillion-dollar adaptive reuse program, a new era for residents and professionals.
- Luxury multifamily residences that achieve strong occupancy and premium rental rates, providing consistent investment growth year over year.
- Free of debt, Merchants Plaza's mixed layout offers income stability and long-term value potential, including an additional development opportunity.
- Established Class A tenant roster featuring long-term leases, reinforcing the property's high-quality services and business retention.
- Prime positioning at St. Joseph and St. Francis Streets places residents and professionals near cultural institutions, retailers, and entertainment.
Résumé analytique
Rising prominently at the intersection of St. Joseph and St. Francis Streets, Merchants Plaza offers investors the rare opportunity to acquire one of Downtown Mobile’s most iconic mixed-use assets.
Originally developed in 1929 as the region’s first true skyscraper, the property underwent a comprehensive, multimillion-dollar revitalization that preserved its historic character while delivering modern finishes and functionality for today’s residents and commercial users. This blend of authenticity and contemporary design has positioned the building as a premier destination within Mobile’s continually strengthening urban core.
The residential component features well-appointed luxury units with polished concrete flooring, exposed brick, high ceilings, and curated interior details, consistently attracting strong renter demand. With occupancy holding at a high level and average in-place rents among the top tier of the market, the multifamily segment offers meaningful stability and long-term income-growth potential.
Complementing the residential performance is a collection of established commercial tenants, including regional law firms, a financial institution, and a national telecommunications provider. These occupiers contribute nearly $1 million in annual rent revenue, supported by long-term commitments that reinforce the building’s durable income profile and enhance underwriting certainty for prospective buyers.
Merchants Plaza benefits from its walkable location within the heart of Downtown Mobile. Near cultural institutions, hospitality destinations, government buildings, restaurants, entertainment venues, and waterfront attractions, Merchants Plaza continues to attract new residents and employers to the area.
Proven operational performance, historic architectural appeal, and placement within a revitalized urban district create a compelling opportunity for investors seeking a high-quality mixed-use asset with stability and future upside.
Originally developed in 1929 as the region’s first true skyscraper, the property underwent a comprehensive, multimillion-dollar revitalization that preserved its historic character while delivering modern finishes and functionality for today’s residents and commercial users. This blend of authenticity and contemporary design has positioned the building as a premier destination within Mobile’s continually strengthening urban core.
The residential component features well-appointed luxury units with polished concrete flooring, exposed brick, high ceilings, and curated interior details, consistently attracting strong renter demand. With occupancy holding at a high level and average in-place rents among the top tier of the market, the multifamily segment offers meaningful stability and long-term income-growth potential.
Complementing the residential performance is a collection of established commercial tenants, including regional law firms, a financial institution, and a national telecommunications provider. These occupiers contribute nearly $1 million in annual rent revenue, supported by long-term commitments that reinforce the building’s durable income profile and enhance underwriting certainty for prospective buyers.
Merchants Plaza benefits from its walkable location within the heart of Downtown Mobile. Near cultural institutions, hospitality destinations, government buildings, restaurants, entertainment venues, and waterfront attractions, Merchants Plaza continues to attract new residents and employers to the area.
Proven operational performance, historic architectural appeal, and placement within a revitalized urban district create a compelling opportunity for investors seeking a high-quality mixed-use asset with stability and future upside.
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Informations sur l’immeuble
Biens
| Nom du bien/adresse | Type de bien | Surface | Année de construction | Prix individuel |
|---|---|---|---|---|
| 106 Saint Francis St, Mobile, AL 36602 | Bureau | 6 802 m² | 1955 | - |
| 111 Saint Michael St, Mobile, AL 36602 | Bureau | 4 645 m² | 1955 | - |
|
Merchants Plaza
56 Saint Joseph St, Mobile, AL 36602 |
Immeuble residentiel | 5 369 m² | 2020 | - |
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Conseiller en vente
Conseiller en vente
Steven McMahon, Associate Broker
Steven McMahon est né à Mobile et a grandi à Fairhope. Il est diplômé du lycée Fairhope et de l'université de l'Alabama, avec un diplôme de commerce en finance, avec une concentration en immobilier.
Steven est membre de la Mobile and Baldwin County Association of Realtors et est actif au sein d'organisations civiques locales. Il est agent immobilier agréé depuis 2004 et gère tous les domaines du courtage, de la représentation des locataires, de l'acquisition de sites pour des projets unifamiliaux et multifamiliaux ainsi que des propriétés industrielles et des projets de construction sur mesure.
Steven est membre de la Mobile and Baldwin County Association of Realtors et est actif au sein d'organisations civiques locales. Il est agent immobilier agréé depuis 2004 et gère tous les domaines du courtage, de la représentation des locataires, de l'acquisition de sites pour des projets unifamiliaux et multifamiliaux ainsi que des propriétés industrielles et des projets de construction sur mesure.
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