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Interesting Building in a Developing Area - Now Available at a Discounted Sales Price! This unique property offers substantial frontage: 156.6 feet along Franklin Street, 66.8 feet along State Street, and 74.9 feet along Dr. Martin Luther King Jr. Ave. The property includes ample site area, allowing for multiple lot configurations and a variety of redevelopment possibilities. The parcel also encompasses vacant land to the side and most of the parking lot in the rear, enhancing its flexibility and appeal. Positioned within a proposed Civil Rights District, this property is part of a transformative project aimed at commemorating the area's historic significance while promoting vibrant, inclusive development. Located just half a block from the Isom Clemon Civil Rights Memorial Park, the area will soon connect to the Complete Streets redesign of Dr. Martin Luther King Jr. Ave. as part of a larger downtown optimization project, creating a new corridor for this thriving community. Less than a block west of the Detonti Square Historic District but outside historic district constraints, this site offers both historical context and modern opportunity. The building's interior will require a full renovation; however, the current owner has purchased new, compliant replacement windows that will convey with the sale. The ground floor has previously served as a mortuary, insurance office, bakery, and market, illustrating its versatile potential. The second story, with its separate entrance, is ideally configured for conversion into a separate suite or residential space. Now available at a discounted sales price, this property presents a unique opportunity for investors and developers looking to contribute to and benefit from a significant new district. This location combines cultural importance, potential growth, and practical functionality in a highly desirable, developing area.
| DAYS ON MARKET | 182 | LAST UPDATED | 11/15/2024 |
|---|---|---|---|
| YEAR BUILT | 1969 | COUNTY | Mobile - AL |
| STATUS | Pending | PROPERTY TYPE(S) | Commercial |
| PRICE HISTORY | |
| Prior to Nov 12, '24 | $385,000 |
|---|---|
| Nov 12, '24 - Today | $299,000 |
| ADDITIONAL DETAILS | |
| AIR | None |
|---|---|
| BASEMENT | None |
| CONSTRUCTION | Block |
| HEAT | None |
| INTERIOR | Other |
| LOT | 0.309 acre(s) |
| LOT DESCRIPTION | Corner Lot |
| PARKING | Parking Lot, On Street |
| STORIES | 2 |
| TAXES | 2091 |
| UTILITIES | Other |
| VIEW | Yes |
| VIEW DESCRIPTION | City |
| ZONING | T5.1 |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listing provided by Mark Minnaert with Better Homes & Gardens RE Platinum Properties
All information provided is deemed reliable but is not guaranteed or warranted and should be independently verified. The data relating to real estate for sale on this web site comes in part from the IDX/RETS Program of the Gulf Coast Multiple Listing Service, Inc. IDX/RETSreal estate listings displayed which are held by other brokerage firms contain the name of the listing firm. The information being provided is for consumer’s personal, non-commercial use and will not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2003 Gulf Coast Multiple Listing Service, Inc. All rights reserved.
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