RECENTLY SOLD!!!

Pratt Thomas, CCIM,  Merrill P Thomas Co., Inc represented the Seller in this transaction.

This exceptional mixed-use property includes two commercial units and 8 apartments units that encompass historic landmark buildings with significant potential for growth. Situated directly across from the Cathedral Basilica of the Immaculate Conception and Cathedral Plaza, these properties are nestled in the heart of Mobile’s thriving central business district. The “Lower Dauphin Street District,” strategically positioned within an “Opportunity Zone,” spans approximately 15 blocks along Mobile’s primary commercial thoroughfare. The property is surrounded by a vibrant mix of hotels, restaurants, art galleries, boutique shops, office buildings, and various other enterprises.  In 2015, a $3 million revitalization project was successfully completed, skillfully preserving the buildings’ historic character, including their rustic textures, while seamlessly integrating modern improvements and open floor plans for contemporary apartments.  During the renovations, the project was featured by al.com https://www.al.com/business/2015/05/first_look_historic_dauphin_st.html The ground floor consists of two commercial units.  One unit is occupied by Lupercalia Art Gallery, and the other currently vacant was most recently occupied by Southern National restaurant. The buyer of this rare business opportunity plans to use the vacant space to open a restaurant.

Property Location:   358 & 360 Dauphin St,  Mobile, AL

Seller:                         An International Company based in Australia

Seller’s Agent:           Pratt Thomas, CCIM Merrill P Thomas Co., Inc

Sold Price:                  $3,000,000

Buyer:                         A local restaurant chain    

PRATT THOMAS

Agent / Broker
pratt@mptco.com
251-476-0808