This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.
This Multifamily Property is no longer advertised on LoopNet.ca.

1812 Old Shell Rd
Mobile, AL 36607

Lofts at Midtown · Multifamily Property For Sale · 24 Units

Investment Highlights

  • Residential units are 100% leased with an average in-place rent of $1.85 per SF for multi-family and $25.61 for commercial.
  • Located in Midtown Mobile, this property is next to Dew Drop Inn, a Mobile staple and 2 blocks away from Infirmary Health's Mobile campus.
  • Property includes 8,250 SF of commercial space with leases signed with Pure Barre (fitness), Nova Market (coffee/grocery), and Big Bad Breakfast.
  • Just minutes from Downtown and close to Sage Park, Tricentennial Park and the Springdale Mall.

PROPERTY FACTS

No. Units 24
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class B
Lot Size 3.00 AC
Building Size 23,950 SF
Average Occupancy 100%
No. Stories 3
Year Built 2021
Parking Ratio 3.84/1,000 SF

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 14 $989.00 -
2+1 10 $1,495 -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
29-07-24-0-004-013.001
Land Assessment
$176,653
Improvements Assessment
$1,352,363
Total Assessment
$1,529,015

zoning

Zoning Code B-2 (Neighborhood Business)
B-2 (Neighborhood Business)
  • Listing ID: 23962512

  • Date on Market: 2021-08-23

  • Last Updated:

  • Address: 1812 Old Shell Rd, Mobile, AL 36607

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}