601 State, Mobile, AL 36603

$675,000
9,793
SqFt
List Price
$675,000
MLS#
7301569
Year Built
1986
Living Area
9,793
Acres
0.20
County
Mobile - Al

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 three (3) adjacent lots. The additional lots are 605 State Street, 608 State Street and 600 Warren Street (which will transfer with a tax deed). 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. Plus, its adjacent three (3) lots offer so much opportunity for expansion. 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.

Additional Information

Acres
0.20
Water
Public
Cooling
Central Air
Heating
Central

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of IXL Real Estate LLC.