Dothan Retail Space For
Montgomery Hwy 3246 Dothan, AL 36303
Montgomery Hwy 3246, Dothan, AL, 36303
$90,000
For Sale
$90,000
COMMERCIAL - Dothan, AL
Property Size400 SF
Price / SF$225
Days on Market297
Property Features for Montgomery Hwy 3246
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- APN
- 0902102000025026
- Size
- 400 SF
Building Details
- Year built
- 1987
- Floors in Building
- 2
Listing Agency
Keller Williams Southeast Alabama
(334) 702-3595
1841 Honeysuckle Road, Dothan, AL
Listed by
Olivia Baldwin
(334) 803-1555
Added: Sep 24, 2025 Checked: Jul 17 at 9:06 am
MLS# 205327
Copyright © 2026 Southeast Alabama 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.
Investment Insights
Based on property information with market context.
This move-in ready, renovated 400 square feet unit is located on the 2nd floor of the Sun Plaza Complex. The property features new porcelain tile floors, new LED lighting, and new plumbing. The A/C unit is 3 years old. The unit also includes mirrors and offers a view from the windows. Located near shopping and eateries, the property benefits from high traffic.
Key Highlights
- Totally renovated unit, move‑in ready.
- Prime location near shopping and eateries.
- New porcelain tile floors and LED lighting.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $4.4k | $11.04 |
| − Vacancy | −$433 | −$1.08 |
| EGI | $4.0k | $9.96 |
| − OpEx | −$1.2k | −$2.99 |
| NOI | $2.8k | $6.97 |
400 SF · lease $11.04/SF/yr · vacancy 9.80% · expense 30.00%
Alternative Uses
Best Use
Retail
$39.8K
$34.9K – $46.5K
NOI $2,788 @ 7.0% cap · market cap 3.10%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$70.7K
$61.9K – $82.5K
NOI $4,949 @ 7.0% cap · market cap 5.50%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Move-in ready, renovated 400 SF retail space in Sun Plaza.
Where is this retail space located?
The property is located at Montgomery Hwy 3246 Dothan, AL.
What is the asking price?
The asking price for this property is $90,000.
What are key features of this property?
This property features: Totally renovated unit, move‑in ready.; Prime location near shopping and eateries.; New porcelain tile floors and LED lighting.
