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

    191 N Foster St Dothan, AL 36301

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Remodeled, furnished building with multiple revenue streams in revitalizing downtown.

    Property size:
    28,789 SF

    Property Features for 191 N Foster St

    General Information

    Size
    28,789 SF

    Building Details

    Year built
    1937

    Source: Kenny Whatley Agent Kenny Whatley

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Historic Downtown Dothan Landmark

    The Colby Building, a 2-story, 28,789 square foot historic building, is located on the corner of North Foster Street and West Troy Street in downtown Dothan. Originally built in 1937 as a J.C. Penney's department store, the building has been completely remodeled. It currently houses Bella's Fine Dining & Wine Bar, Bella's Ballroom & Event Venue with a mezzanine, and 22 occupied offices on the third floor. The building comes fully furnished and equipped. Dothan's first rooftop bar, Bella's Rooftop Bar, is planned for development, with a new roof recently installed. The property offers multiple potential revenue streams and is located in historic downtown Dothan. The top level includes 22 occupied offices and a private owner’s suite. The building is situated one block from the Downtown Revitalization Project, a multi-million dollar redevelopment plan currently underway. These renovations include a new Civic Center, Opera House enhancements, hotel and mixed-use developments, a new Wiregrass Arts & Innovation Center, greenspace, and a brand new look for Main Street. This location presents an opportunity to be part of the new and upcoming City Center.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    1-800 Office Solutions Copier Repair Service Bella's Ballroom Event Venue Foster Florist & Flower ... Flower Delivery

    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.

    Similar Places Nearby

    The Tanda Room, KT's Tavern, Fire Stone Wood Fired Grill, The Uptown Jazz Club, Mural City Coffee Company

    Location Insight

    • Map
    • Local Demand
    City
    Dothan
    County
    Houston
    State
    Alabama
    Longitude
    -85.3926735
    Latitude
    31.2250001

    Nearby Similar for Sale

    • New
      $1,895,000
      4.20 Acres

      Dothan Commercial Building on 4.21 Acres

      Commercial building with drive-thru, offices, and ample parking.
      1380 Cottonwood Rd, Dothan, AL 36301
      View Details
    • $800,000
      6.27 Acres

      Dothan Commercial Opportunity on 6.268 Acres

      Versatile property on 6.268 acres, suitable for various business opportunities.
      2410 Denton Rd, Dothan, AL 36303
      View Details
    • $2,798,000
      2.43 Acres

      Westgate Parkway Commercial Property

      Highly visible commercial property on 2.43 acres, formerly a restaurant.
      1708 Westgate Pkwy, Dothan, AL 36303
      View Details
    • $225,900
      0.40 Acres

      Dothan Commercial Space for Sale

      Affordable commercial space with flexible layout and recent updates.
      104 Herring St, Dothan, AL 36303
      View Details
    • $650,000
      2.02 Acres

      Dothan Commercial Property on Highway

      Over 2 acres with high traffic and redevelopment potential.
      3546 Reeves St, Dothan, AL 36303
      View Details
    • $244,000
      0.91 Acres

      Prime Commercial Property on Oates

      High-traffic commercial property with a 3,247 sq ft building.
      2013 S Oates St, Dothan, AL 09073
      View Details

    FAQs

    What type of property is this?
    Bar - Remodeled, furnished building with multiple revenue streams in revitalizing downtown.
    Where is this bar located?
    The property is located at 191 N Foster St Dothan, AL.
    What are key features of this property?
    This property features: - Multiple potential revenue streams from existing businesses (restaurant, ballroom, offices) and planned rooftop bar.; - Prime location in historic Downtown Dothan, one block from a multi-million dollar revitalization project.; - Fully furnished and equipped building, ready for immediate operation.
    (334) 596-7890
    Request Owner's contact information
    191 N Foster St Dothan, AL 36301
    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.
    191 N Foster St
    Dothan, AL 36301
    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
    191 N Foster St Dothan, AL 36301
    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.