Merchants Plaza 3 Properties Offered at £8,744,477 in Mobile, AL

Rising prominently at the intersection of St. Joseph and St. Francis Streets, Merchants Plaza offers investors the rare opportunity to acquire one of Downtown Mobile’s most iconic mixed-use assets.

Originally developed in 1929 as the region’s first true skyscraper, the property underwent a comprehensive, multimillion-dollar revitalization that preserved its historic character while delivering modern finishes and functionality for today’s residents and commercial users. This blend of authenticity and contemporary design has positioned the building as a premier destination within Mobile’s continually strengthening urban core.

The residential component features well-appointed luxury units with polished concrete flooring, exposed brick, high ceilings, and curated interior details, consistently attracting strong renter demand. With occupancy holding at a high level and average in-place rents among the top tier of the market, the multifamily segment offers meaningful stability and long-term income-growth potential.

Complementing the residential performance is a collection of established commercial tenants, including regional law firms, a financial institution, and a national telecommunications provider. These occupiers contribute nearly $1 million in annual rent revenue, supported by long-term commitments that reinforce the building’s durable income profile and enhance underwriting certainty for prospective buyers.

Merchants Plaza benefits from its walkable location within the heart of Downtown Mobile. Near cultural institutions, hospitality destinations, government buildings, restaurants, entertainment venues, and waterfront attractions, Merchants Plaza continues to attract new residents and employers to the area.

Proven operational performance, historic architectural appeal, and placement within a revitalized urban district create a compelling opportunity for investors seeking a high-quality mixed-use asset with stability and future upside.