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    1390 S Forest Ave | Luverne, AL 36049 Luverne, AL 36049

    For Lease
    Contact for pricing

    High-traffic retail space available.

    Lot size:
    1,200 SF

    Description

    Added:
    Jan 23, 2025
    Days on Market:
    324
    This 1200 sq ft end-unit retail space in Luverne, Alabama, is ideally situated on US Highway 331 at 1390 S. Forest Ave, boasting excellent visibility and accessibility. With a daily traffic count of 12,695 vehicles, this location offers significant exposure. Previously housing a Subway and Fountain Bar & Grill, the space features a convenient drive-thru window, a small kitchen, and one restroom. The versatile layout is suitable for various retail, café, or restaurant concepts. A new HVAC unit was installed in 2024. The property benefits from strong co-tenancy with established businesses including State Farm, Bill Henry's Wings, and Sam Vape Store, and is directly across from Ramey's Marketplace. Nearby retailers include Roses, McDonald's, AutoZone, and Jack's, ensuring a thriving commercial environment. The monthly rent is $1250. The main area is perfect for customer interaction, dining, or retail displays. This is a prime opportunity for a business seeking high visibility and a strong customer base in a busy location.

    Property Features for 1390 S Forest Ave | Luverne, AL 36049

    General Information

    Property type
    Retail residential properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,200 SF
    Elevators
    N/A
    Total Rate
    1250

    Building Details

    Year Built
    1993

    HighLights

    • High‑traffic location on Hwy 331 (12,695 VPD) with excellent visibility.
    • 1200 sq ft end unit, previously a restaurant, adaptable for various uses.
    • Features a drive‑thru window, small kitchen, restroom, and new 2024 HVAC.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail residential properties

    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

    City
    Luverne
    State
    Alabama

    Nearby Similar for Lease

    • $640 /Mo

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    FAQs

    What type of property is this?
    Retail residential property - High-traffic retail space available.
    Where is this retail residential property located?
    The property is located at 1390 S Forest Ave | Luverne, AL 36049 Luverne, AL.
    What are key features of this property?
    This property features: High-traffic location on Hwy 331 (12,695 VPD) with excellent visibility.; 1200 sq ft end unit, previously a restaurant, adaptable for various uses.; Features a drive-thru window, small kitchen, restroom, and new 2024 HVAC.
    (334) 699-8000
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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
    1390 S Forest Ave | Luverne, AL 36049 Luverne, AL 36049
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