Multi-Tenant Retail
For Sale
$499,000
1390 S Forest Avenue, Luverne, AL 36049
COMMERCIAL - Luverne, AL
Property Size4,800 SF
Lot Size0.36 Acres
Price / SF$103.96
Days on Market616
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: Aug 4
Last Checked: Aug 31 at 11:06AM
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.
Built in 1993, this approximately 4,800-square-foot shopping center contains four retail suites of roughly 1,200 square feet each. The property is 100% occupied, with State Farm and Hayne's Ambulance serving as anchor tenants alongside GLG Sandwich Shop and Smash Foods. Suite lease terms extend through 2028, 2032, and 2028, with State Farm scheduled for a rent increase. Smash Foods received a new HVAC system in 2024.
The center is located at 1390 S Forest Avenue in Luverne, Alabama, along US Hwy. 331. Traffic on the highway was reported at 12,695 VPD in 2023. Ramey's Marketplace is directly across the highway, while AutoZone, Luverne Parks & Recreation, DG Market, McDonald's, Jack's, and Roses are nearby.
The center is located at 1390 S Forest Avenue in Luverne, Alabama, along US Hwy. 331. Traffic on the highway was reported at 12,695 VPD in 2023. Ramey's Marketplace is directly across the highway, while AutoZone, Luverne Parks & Recreation, DG Market, McDonald's, Jack's, and Roses are nearby.
Key Highlights
- Approximately 4,800‑square‑foot retail center with four suites of roughly 1,200 square feet each
- 100% occupied by State Farm, Hayne's Ambulance, GLG Sandwich Shop, and Smash Foods
- US Hwy. 331 frontage 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
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Shopping center - Four leased suites provide a fully occupied retail configuration with established anchor tenants.
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‑square‑foot retail center with four suites of roughly 1,200 square feet each; 100% occupied by State Farm, Hayne's Ambulance, GLG Sandwich Shop, and Smash Foods; US Hwy. 331 frontage with 2023 AADT of 12,695 VPD
