361 St. Louis Street presents a unique repositioning opportunity in the heart of Downtown Mobile, Alabama. This ±57,000-square-foot former storage facility, situated on 0.86 acres with direct frontage on St. Louis Street, offers unparalleled adaptive-use potential. Located one block north of Greer’s St. Louis Market, the property is ideal for conversion into office, flex, light industrial, or service-based uses given its large-format floor plan. Zoned T-5.1 within the City of Mobile’s Downtown Development District, this site permits a broad mix of uses — including office, retail, residential, commercial, and civic uses — without requiring a variance. This flexibility supports diverse redevelopment strategies, appealing to both owner-users and investors seeking to leverage Mobile’s growing downtown vitality. The asset is positioned along a corridor undergoing a $17 million infrastructure transformation via the St. Louis Street Complete Streets project, which is revitalizing 17 blocks with new sidewalks, utilities, lighting, drainage, and landscaping. Surrounding catalysts include the $490 million Port of Mobile channel deepening (making it the deepest container port in the U.S. Gulf), the forthcoming $300 million Regions Arena downtown, the River Walk Plaza waterfront development, and the new Mobile International Airport terminal. With its scale, central location, and zoning advantages, 361 St. Louis Street offers an exceptional opportunity to create a modern mixed-use asset that meets the city’s rising demand for office, industrial, and service-oriented spaces.