21,142 SF Retail/Office Strip Center For Sale 857 Downtowner Blvd | Mobile, AL Wise Living Real Estate is pleased to present 857 Downtowner Blvd, a multi-tenant retail and office investment opportunity located along one of Mobile's established commercial corridors. Situated on 1.29 acres and zoned B-2, the property consists of 21,142 total square feet with approximately 19,110 rentable square feet divided among nine suites. The center is currently 82.09% occupied, with three vacant suites offering immediate lease-up potential while generating existing cash flow. Recent capital improvements include a new roof and resurfaced parking lot, both completed in 2025, reducing near-term capital expenditure requirements. Suite A is occupied by a medical tenant and is the only tenant currently operating under a long-term lease. The remaining occupied suites are leased on a month-to-month basis, while three suites are currently vacant, providing a new owner with significant upside through lease-up, lease renewals, rental rate increases, and strategic tenant improvements. Available Suites * Suite B – 1,500 SF office space * Suite D – 848 SF with an open layout and one private office * Suite K – 1,075 SF with large conference and meeting rooms suitable for training, meetings, or collaborative workspace Investment Highlights * 1.29 Acres * B-2 Zoning * 21,142 Total Building SF * 19,110 Rentable SF * Nine Suites * 82.09% Occupied * 17.91% Vacant * Three Vacant Suites * Prime Downtowner Blvd Location * New Roof (2025) * Resurfaced Parking Lot (2025) Financial Summary Offering Price: $899,000 Cap Rate: 6.98% Annual Gross Rental Income: $99,429.96 Net Operating Income (NOI): $62,744.96 Annual Operating Expenses: $36,685.00 Annual Operating Expenses * Property Taxes: $10,885 * Insurance: $18,000 * Waste Management: $4,200 * Common Area Lighting: $1,200 * Lawn Care: $2,400 Total Operating Expenses: $36,685 857 Downtowner Blvd offers investors immediate cash flow with substantial upside through lease-up, converting month-to-month tenants to long-term leases, and increasing rental rates over time. Listing information deemed reliable but not guaranteed. Buyer to verify all information to their satisfaction during the due diligence period.