Bought with Cassandra Mccants • IXL Real Estate LLC
$425,000
$500,000
15.0%For more information regarding the value of a property, please contact us for a free consultation.
9,793 SqFt
SOLD DATE : 09/05/2024
Key Details
Sold Price $425,000
Property Type Commercial
Sub Type Business
Listing Status Sold
Purchase Type For Sale
Square Footage 9,793 sqft
Price per Sqft $43
MLS Listing ID 7301569
Sold Date 09/05/24
Year Built 1986
Annual Tax Amount $4,587
Tax Year 4587
Lot Size 8,594 Sqft
Property Description
Perfect Location, Historic Building, and Expansion Opportunity!!!! It's the State Street Elks! Don't miss the huge investment property that boasts of nearly 10,000 sq. ft. and is already zoned for commercial use. This historic gem was built in 1919 and carries an official historic shield granted by the City of Mobile. Currently it is a popular adult night club. The owners are ready to sell!!!! This sale/transaction includes one(1) adjacent lot. The additional lot is 605 State Street. With large enough down payment, the Seller will consider owner financing. This two-story Victorian legacy has a full commercial-style kitchen on the first floor, with back-of-house access to the second floor. There are several bars and VIP style seating on both levels. It offers well-kept patron restroom facilities on both floors with private offices/rooms and plenty of storage space on both the main level and the second level. The State Street Elk's premier location is directly in the path of the revitalization of the downtown Mobile area, as well as Broad Street. It is minutes from midtown, downtown, hospitals and provides easy interstate access in any direction. The building may require some repairs, however, there is real value in its location, history, and legacy in the downtown area. The potential use for this property is limitless. If you have a vision of establishing a major footprint in downtown Mobile's entertainment, business, social, housing development sector, contact your realtor TODAY! This Property is sold 'AS-IS', no warranties expressed or implied. Buyer and agent to verify all measurements or any other information deemed to be important to the buyer. Seller is extremely motivated. Bring your highest and best offer. Contact a licensed realtor for showing.
Location
State AL
County Mobile - Al
Direction Take I-65 N via the ramp to Montgomery; Take exit 5A for Springhill Ave; Use the right 2 lanes to turn right onto SpringHill Ave; Use the 2nd from the left lane to turn slightly left onto St Louis St; Turn left onto N Warren St; Turn left at the 2nd cross street onto State St; Destination will be on the left
Rooms
Basement None
Interior
Interior Features Beamed Ceilings
Heating Central
Cooling Central Air
Flooring Carpet, Hardwood
Exterior
Fence None
Utilities Available Cable Available, Electricity Available, Natural Gas Available, Sewer Available, Water Available
Waterfront Description None
View Y/N true
View City
Roof Type Asbestos Shingle
Total Parking Spaces 70
Building
Lot Description Corner Lot
Foundation Slab
Water Public
Level or Stories Two
Others
Acceptable Financing Cash, Conventional, Owner May Carry
Listing Terms Cash, Conventional, Owner May Carry
Special Listing Condition Standard
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Brooks Conkle
brooks.fastsolutions@gmail.comOur team is ready to help you sell your home for the highest possible price ASAP
Brooks Conkle
Agent | License ID: 96495