Multi-Tenant Retail
For Sale
$499,000
1390 S Forest Avenue, Luverne, AL 36049
Commercial Sale, Luverne, AL
Property Size4,800 SF
Lot Size0.36 Acres
Price / SF$103.96
Days on Market643
Property Features for 1390 S Forest Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Standard status
Active
APN
1503051000018000
Lot size
0.36 Acres
Building Details
Year built
1993
Floors in Building
1
Listing Agency:
NAI TALCOR
(334) 360-2191
Listed By:
Shannon Auty · License #139611
(334) 406-1161
Added: Dec 23, 2024
Changed: Sep 4
Last Checked: Sep 27 at 3:06PM
MLS# 202004
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 retail center contains approximately 4,800 sq. ft. arranged as four retail suites of roughly 1,200 sq. ft. each. The property was built in 1993 and is reported at 100% occupancy. Current occupants include Hayne's Ambulance, State Farm, GLG Sandwich Shop, and Smash Foods. A new HVAC system was installed in 2024.
Located at 1390 S Forest Avenue in Luverne, the center fronts US Hwy. 331, which recorded 12,695 VPD in 2023. Ramey's Marketplace is directly across the highway, with AutoZone, Luverne Parks & Recreation, DG Market, McDonald's, Jack's, and Roses identified nearby. The 0.36-acre property has established retail and service tenants under leases extending from 2028 through 2032.
Located at 1390 S Forest Avenue in Luverne, the center fronts US Hwy. 331, which recorded 12,695 VPD in 2023. Ramey's Marketplace is directly across the highway, with AutoZone, Luverne Parks & Recreation, DG Market, McDonald's, Jack's, and Roses identified nearby. The 0.36-acre property has established retail and service tenants under leases extending from 2028 through 2032.
Key Highlights
- Approximately 4,800 sq. ft. on 0.36 acres
- Four ±1,200 sq. ft. retail suites; 100% occupied
- US Hwy. 331 exposure with 2023 AADT of 12,695 VPD
Property Analytics
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Current Use
Lease Details
12,695 VPD
Traffic count
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
120
Businesses Nearby
9k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 71%
Dining 29%
Red Rock
Shops & Services
3,611 visits/mo
0.2 miles
AutoZone
Shops & Services
2,882 visits/mo
0.2 miles
SUBWAY
Dining
2,640 visits/mo
0.4 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
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Shopping center - Four occupied suites provide a fully leased mix of insurance, ambulance, sandwich, and prepared-food businesses.
Where is this shopping center located?
The property is located at 1390 S Forest Avenue Luverne, AL.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Approximately 4,800 sq. ft. on 0.36 acres; Four ±1,200 sq. ft. retail suites; 100% occupied; US Hwy. 331 exposure with 2023 AADT of 12,695 VPD
