Downtown Dothan Commercial
182 S Foster Street Dothan, AL 36301
182 S Foster Street, Dothan, AL, 36301
$650,000
For Sale
$650,000
COMMERCIAL - Dothan, AL
Property Size5,000 SF
Price / SF$130
Days on Market101
Property Features for 182 S Foster Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- APN
- 09-06-24-1-303-034.000
- Size
- 5,000 SF
Building Details
- Year built
- 1911
- Floors in Building
- 2
Listing Agency
Lan Darty Real Estate & Development
(334) 699-2300
3124 W Main St Suite 6, Dothan, AL
Listed by
Casey Tillery
(334) 714-7841
Added: Apr 7 Checked: Jul 16 at 10:06 pm
MLS# 212546
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.
Located on S. Foster Street in downtown Dothan, this 5,000 sq ft commercial building is currently operating as an arcade. The spacious layout offers room for various business ventures. The upstairs features a dedicated office along with additional unfinished office/loft space. Positioned within walking distance to the Civic Center, Dothan Opera House, Houston County Courthouse, restaurants, nightlife, and shopping, this property benefits from high visibility and steady foot traffic. This versatile property offers location, space, and opportunity.
Key Highlights
- Prime downtown Dothan location on S. Foster Street with high visibility and foot traffic.
- 5,000 sq ft commercial building suitable for various business ventures.
- Walking distance to key downtown attractions.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $55.2k | $11.04 |
| − Vacancy | −$5.4k | −$1.08 |
| EGI | $49.8k | $9.96 |
| − OpEx | −$14.9k | −$2.99 |
| NOI | $34.9k | $6.97 |
5,000 SF · lease $11.04/SF/yr · vacancy 9.80% · expense 30.00%
Alternative Uses
Best Use
Retail
$497.9K
$435.7K – $580.9K
NOI $34,853 @ 7.0% cap · market cap 5.36%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$883.7K
$773.3K – $1.03M
NOI $61,862 @ 7.0% cap · market cap 9.52%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Rob & Dave's Arcade
Bar & Pub
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - 5,000 sq ft commercial building in downtown Dothan.
Where is this retail space located?
The property is located at 182 S Foster Street Dothan, AL.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Prime downtown Dothan location on S. Foster Street with high visibility and foot traffic.; 5,000 sq ft commercial building suitable for various business ventures.; Walking distance to key downtown attractions.
