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    5031 Montgomery Hwy | Dothan, AL 36303 Dothan, AL 36303

    For Lease
    $24 SF/Yr ($2,200 /Mo)

    High-traffic retail space available now.

    Lot size:
    1,100 SF

    Description

    Added:
    Jan 23, 2025
    Days on Market:
    326
    This 1,100 square foot retail space is located at 5031 Montgomery Hwy, Dothan, AL 36303, in a thriving retail center anchored by KIKU Asian Express and Sports Clips. The property boasts excellent visibility and accessibility on Highway 231N, a primary retail corridor in Dothan. This location benefits from high traffic counts, with 30,299 vehicles per day recorded in 2022 by ALDOT. The surrounding area includes major retailers such as Target, Lowe's, Best Buy, Dick's Sporting Goods, Kohl's, AMC Theater, Michaels, and ULTA, ensuring high foot traffic and brand synergy. The property is situated near newly constructed hotels, including a Home2 Suites by Hilton and a soon-to-be-completed SpringHill Suites by Marriott, further enhancing its appeal and accessibility. Its proximity to other established businesses like Five Star Credit Union and McDonald's adds to its strategic location within Dothan's predominant hospitality market. The average household income within a one-mile radius is $78,874, indicating a strong consumer base. This space presents a unique opportunity for businesses seeking high visibility and access in a prime retail location. The lease rate is $24 per year. The property is located just north of Napier Field Road.

    Property Features for 5031 Montgomery Hwy | Dothan, AL 36303

    General Information

    Property type
    Retail residential properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,100 SF
    Elevators
    N/A
    Total Rate
    2200

    HighLights

    • 1,100 sq ft retail space available for lease in Dothan, AL.
    • High‑traffic location on Hwy 231N, near major retailers and Dothan Pavilion.
    • Excellent visibility and access; situated in a high‑income area with strong demographics.
    Insight Report Location Intelligence

    Current Use by Public Records

    T-Mobile Cell Phone Store AL601 Barber Shop Kiku Asian Food ... Chicken Wings Restaurant Sport Clips Haircuts ... Barber Shop

    Suggested Use

    Restaurant Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Dothan
    State
    Alabama
    Longitude
    -85.449899
    Latitude
    31.271161

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    FAQs

    What type of property is this?
    Retail residential property - High-traffic retail space available now.
    Where is this retail residential property located?
    The property is located at 5031 Montgomery Hwy | Dothan, AL 36303 Dothan, AL.
    What is the lease rate?
    The lease rate is $24 SF/Yr.
    What are key features of this property?
    This property features: 1,100 sq ft retail space available for lease in Dothan, AL.; High-traffic location on Hwy 231N, near major retailers and Dothan Pavilion.; Excellent visibility and access; situated in a high-income area with strong demographics.
    (334) 699-8000
    Request Owner's contact information
    5031 Montgomery Hwy | Dothan, AL 36303 Dothan, AL 36303
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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
    5031 Montgomery Hwy | Dothan, AL 36303 Dothan, AL 36303
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