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    151 Main St Dothan, AL 36301

    For Sale
    $2,900,000

    Commercial Sale - Dothan, AL

    Type:Apartment
    Lot size:
    0.33 Acres
    Days on Market:
    26
    Last Refresh:
    Dec 5 at 5:06 am

    Property Features for 151 Main St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Apartment
    Standard status
    Active
    APN
    0906242403006000-0906242403005
    Lot size
    0.33 Acres

    Building Details

    Year built
    2025
    Floors in Building
    2
    Architectural style
    Other

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

    Listing agent Shannon Auty (334) 699-8000

    Listing date Nov 10, 2025

    MLS# 205393 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

    Downtown Dothan Mixed-Use Building

    Located in the heart of downtown Dothan on W. Main Street, this redeveloped 2-story mixed-use building offers 20,400 square feet of space. The property benefits from high visibility and exposure, with 2023 traffic counts of 25,565 vehicles per day. A 20-year property tax abatement is in place. The building features 6 ground floor retail shell spaces, with one currently leased. Iron gates are present at the front and rear entrances, complemented by security cameras. The second floor comprises 7 luxury apartments, including a mix of 1-bed/1-bath and 2-bed/2-bath layouts. These upscale residential units are designed for modern living with premium finishes and keyless entry. On-site amenities include an apartment lobby, resident lounge, and a fully equipped gym with a micro-market in progress. A shared rear parking lot provides approximately 75 spaces. The property presents an opportunity to own an income-producing asset positioned for stabilization as occupancy grows.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Kirk D. Jones, ... Optometrist Andrew L. Maxwell, ... Optometrist John D. Denney, ... Optometrist David W. Badham, ... Optometrist Eugene W. Nicholls, ... Optometrist

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Dothan
    County
    Houston
    State
    Alabama
    Longitude
    -85.3926442
    Latitude
    31.2233639

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    FAQs

    What type of property is this?
    Mixed-use property - Redeveloped mixed-use building with retail and luxury apartments.
    Where is this mixed-use property located?
    The property is located at 151 Main St Dothan, AL.
    What is the asking price?
    The asking price for this property is $2,900,000.
    What are key features of this property?
    This property features: - 20-year property tax abatement.; - Mixed-use building featuring ground floor retail and luxury apartments.; - High traffic location on W. Main Street with 25,565 vehicles per day.
    (334) 699-8000
    Request Owner's contact information
    151 Main St Dothan, AL 36301
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    Dothan, AL 36301
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    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
    151 Main St Dothan, AL 36301
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