Occupied Multi-Tenant Strip
For Sale
$506,685
1390 S Forest Ave, Luverne, AL 36049
Four leased storefronts sit along US Hwy 331 opposite Ramey’s Marketplace.
Property Size4,800 SF
Price / SF$105.56
Days on Market193
Property Features for 1390 S Forest Ave
General Information
Standard status
Active
Size
4,800 SF
Property subtype
Strip Center
Occupancy
100%
Net Operating Income
$45,601
Site & Location
Anchor Co-Tenants
State Farm, Haynes Ambulance
Traffic Count
12,695 vehicles/day
Highway Access
Yes
Additional Details
Cap Rate
9%
Building Details
Building Size
4,800 SF
Year Built
1993
Buildings
1
Tenancy
Multi
Listing Agency:
NAI TALCOR
(334) 406-1161
Listed By:
Shannon Auty · License ##139611
(334) 406-1161
Source:
Thebrokerlist
Added: Feb 18
Changed: Aug 29
Last Checked: Aug 29 at 3:05PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NAI TALCOR
Investment Insights
Based on property information with market context.
This 1993 strip mall contains approximately 4,800 square feet arranged among four retail suites of roughly 1,200 square feet each. All suites are occupied, with tenants including Haynes Ambulance, State Farm, Between the Rye Sandwich Shop, and Smash Mouth Foods. Suite 4 received a new HVAC system in 2024. The property operates under modified gross leases, with scheduled lease expirations ranging from 11-30-28 to 12-31-32.
Located at 1390 S. Forest Ave in Luverne, the center fronts US Hwy 331, which recorded 12,695 VPD in 2023. Ramey’s Marketplace is across the highway, while AutoZone, Luverne Parks & Recreation, DG Market, McDonald's, Jack's, and Roses are identified nearby. The property has easy access from the highway corridor and a 9% cap rate.
Located at 1390 S. Forest Ave in Luverne, the center fronts US Hwy 331, which recorded 12,695 VPD in 2023. Ramey’s Marketplace is across the highway, while AutoZone, Luverne Parks & Recreation, DG Market, McDonald's, Jack's, and Roses are identified nearby. The property has easy access from the highway corridor and a 9% cap rate.
Key Highlights
- Approximately 4,800 sq. ft. across four retail suites of roughly 1,200 sq. ft. each
- 100% occupied with Haynes Ambulance, State Farm, Between the Rye Sandwich Shop, and Smash Mouth Foods
- Frontage on US Hwy 331 with 2023 AADT of 12,695 VPD
Property Analytics
Property Profile
Current Use
Lease Details
12,695 VPD
Traffic count
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
222
Businesses Nearby
45k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 78%
Shops & Services 22%
McDonald's
Dining
18,268 visits/mo
0.3 miles
Jack's Family Restaurants
Dining
8,546 visits/mo
0.3 miles
Tom Thumb Food Stores
Shops & Services
6,064 visits/mo
0.1 miles
Hardee's
Dining
4,419 visits/mo
0.2 miles
Family Dollar
Shops & Services
2,664 visits/mo
0.3 miles
Demographics for 36049, AL
5,299
Population
2,448
Households
2.2
Avg Household Size
44
Median Age
18%
College-Educated
83%
High-School Grad
161.0 sq mi
ZIP Area
33
Density / Sq Mi
$53,073
Median Household Income
$41,155
Median Earnings
$678
Median Rent
$124,000
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Strip mall - Four leased storefronts sit along US Hwy 331 opposite Ramey’s Marketplace.
Where is this strip mall located?
The property is located at 1390 S Forest Ave Luverne, AL.
What is the asking price?
The asking price for this property is $506,685.
What are key features of this property?
This property features: Approximately 4,800 sq. ft. across four retail suites of roughly 1,200 sq. ft. each; 100% occupied with Haynes Ambulance, State Farm, Between the Rye Sandwich Shop, and Smash Mouth Foods; Frontage on US Hwy 331 with 2023 AADT of 12,695 VPD
