Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    1390 Forest Ave Luverne, AL 36049

    For Sale
    $506,685

    Commercial Sale - Luverne, AL

    Type:Farm
    Lot size:
    0.36 Acres
    Days on Market:
    19
    Last Refresh:
    Dec 6 at 2:06 am

    Property Features for 1390 Forest Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Farm
    Standard status
    Active
    APN
    1503051000018000
    Lot size
    0.36 Acres

    Building Details

    Year built
    1993
    Floors in Building
    1
    Architectural style
    Other

    TALCOR ALABAMA, LLC dba NAI Whatley (334) 699-8000

    Listing agent Shannon Auty (334) 699-8000

    Listing date Nov 18, 2025

    MLS# 202004 Listing URL

    Copyright © 2025 Dothan Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Multi-Tenant Retail Center For Sale

    This multi-tenant retail center is located on US Hwy. 331 in Luverne, AL. The building is approximately 4,800 sq. ft. with four retail suites of approximately 1,200 sq. ft. each, and is 100% occupied. The property is positioned across from Ramey's Marketplace and near AutoZone, Luverne Parks & Recreation, DG Market, McDonald's, Jack's, and Roses. Anchor tenants include State Farm and Hayne's Ambulance. The diverse tenant mix includes: Hayne's Ambulance (leased through 11-30-28), State Farm (leased through 12/31/32 with scheduled rent increase), GLG Sandwich Shop (leased through 10-31-28), and Smash Foods (leased through 12-31-28). A new HVAC was installed in 2024. The lot size is 0.36 acres. The 2023 Annual Average Daily Traffic (AADT) was 12,695 vehicles per day. The property offers a 9% cap rate with Net Operating Income (NOI) of $45,601.66.
    Property Profile Location Intelligence

    Current Use by Public Records

    Strip malls

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Luverne
    County
    Crenshaw
    State
    Alabama
    Longitude
    -86.266517887973
    Latitude
    31.697432813127

    Nearby Similar for Sale

    • $739,999
      7,394 SF

      Spacious Multi-Unit Property in Luverne

      16-bedroom, 16-bathroom property ideal for group residence or retreat.
      370 Roy Beall Dr, Luverne, AL 36049
      View Details
    • $499,900
      2,322 SF

      Dental Office Building on Hwy 331

      Dental office building in Luverne, leased until February 2026.
      1666 S Forest Ave, Luverne, AL 36049
      View Details
    • $985,000
      5,000 SF

      Turnkey Event Venue Opportunity

      Turnkey event venue with full-service kitchen on 8.57 acres.
      1567 Airport Rd, Luverne, AL 36049
      View Details
    • $250,000
      7,500 SF

      Luverne Commercial Building For Sale

      7500 SF commercial building with retail and office space.
      1257 S Forest Ave, Luverne, AL 36049
      View Details
    • $650,000
      9,000 SF

      Renovated Commercial Building in Luverne

      Completely renovated commercial building with flexible space and modern amenities.
      174 South Forest Ave, Luverne, AL 36049
      View Details
    • $350,000
      32.00 Acres

      Broiler Operation on 32 Acres

      Two-house broiler operation in Crenshaw County, ready for next owner.
      5100 Mount Ida Rd, Luverne, AL 36049
      View Details

    FAQs

    What type of property is this?
    Strip mall - Fully occupied retail center with diverse tenant mix.
    Where is this strip mall located?
    The property is located at 1390 Forest Ave Luverne, AL.
    What is the asking price?
    The asking price for this property is $506,685.
    What are key features of this property?
    This property features: - Boasting a strong 9% Cap Rate with NOI of $45,601.66; - Anchor tenants include State Farm (leased through 12/31/32 with scheduled rent increase) and Hayne's Ambulance (leased through 11-30-28); - 100% Occupied with diverse tenant mix
    (334) 699-8000
    Request Owner's contact information
    1390 Forest Ave Luverne, AL 36049
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1390 Forest Ave
    Luverne, AL 36049
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1390 Forest Ave Luverne, AL 36049
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.