402 Martin Luther King Jr Save Request In-Person Tour Request Virtual Tour
Mobile,AL 36603
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 3,328 sqft
Price per Sqft $89
MLS Listing ID 7422735
Year Built 1969
Annual Tax Amount $2,091
Tax Year 2091
Lot Size 0.309 Acres
Property Description
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.
Location
State AL
County Mobile - Al
Zoning T5.1
Direction The building is located along State, MLK, and Franklin St. From Water Street, take State Street west to the corner of MLK. Building will be on your right. From Broad, take Congress Street east to MLK or franklin, then head south towards Dauphin Street 1 block.
Rooms
Basement None
Interior
Interior Features Other
Heating None
Cooling None
Flooring Other
Exterior
Fence None
Utilities Available Other
Waterfront Description None
View Y/N true
View City
Roof Type Asphalt
Total Parking Spaces 10
Building
Lot Description Corner Lot
Foundation Slab
Level or Stories Two
Others
Special Listing Condition Standard