Retail Shopping Center with Highway
For Sale
Contact for pricing
3255 S Oates St, Dothan, AL 36301
Shopping center anchored by TitleMax, positioned on U.S. Highway 231 with ample parking and multiple national retail and service tenants.
Property Size16,800 SF
Lot Size1.72 Acres
Price / SF$148.81
Days on Market294
Property Features for 3255 S Oates St
General Information
Standard status
Active
Size
16,800 SF
Lot size
1.72 Acres
Property subtype
RETAIL
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Tenancy
Multi
Listing Agency:
Skyline Seven
(678) 916-4149
Listed By:
Elliott Kyle · License #299687
(404) 812-8927
Source:
Moodyscre
Added: Jan 8
Changed: Oct 25
Last Checked: Oct 28 at 8:04AM
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 Skyline Seven
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Investment Insights
Based on property information with market context.
Dothan Square is a retail shopping center at 3255 S Oates St in Dothan, Alabama, featuring a tenant mix that includes TitleMax. The property also lists Firehouse Subs, Direct General Insurance, Advance America, Smoke R Us, Fabulous Nail, and SPD Wireless (Cricket), with two vacancies noted. The site is situated on a 1.72-acre lot and provides ample parking.
The property is prominently located on U.S. Highway 231, a major north–south corridor, with direct access to local residents and regional traffic. The center is described as being across from a Walmart Supercenter, and the remarks cite strong daily visitation to support the surrounding retail trade area.
The property is offered for sale as a long-term commercial asset in a growing Alabama market, with additional development and demand referenced in the public remarks.
The property is prominently located on U.S. Highway 231, a major north–south corridor, with direct access to local residents and regional traffic. The center is described as being across from a Walmart Supercenter, and the remarks cite strong daily visitation to support the surrounding retail trade area.
The property is offered for sale as a long-term commercial asset in a growing Alabama market, with additional development and demand referenced in the public remarks.
Key Highlights
- Shopping center at 3255 S Oates Street on U.S. Highway 231 with ample parking on a 1.72‑acre lot
- Anchored by TitleMax with additional national retail and service tenants, including Firehouse Subs, Advance America, and Direct General Insurance
- Tenant mix includes Smoke R Us, Fabulous Nail, and SPD Wireless (Cricket), with 2 vacancies offering potential upside
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$117,107
Cap Rate
4.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,342,140
$2.3M
Cap Rate 7%
$1,672,957
$1.7M
Cap Rate 9%
$1,301,189
$1.3M
Market Conditions
NOI Build-Up for 16,800 SF
Gross rent
$185.5K $11.04/SF
− Vacancy
−$18.2K −$1.08/SF
EGI
$167.3K $9.96/SF
− OpEx
−$50.2K −$2.99/SF
NOI
$117.1K $6.97/SF
Area
Houston County, AL
Vacancy
9.80%
Lease Rate
$11.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,342,140
Cap Rate 7%
$1,672,957
Cap Rate 9%
$1,301,189
Alternative Uses
Best Use
Retail
$1.67M
$1.46M – $1.95M
NOI $117,107 @ 7.0% cap · market cap 4.68%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$2.97M
$2.60M – $3.46M
NOI $207,858 @ 7.0% cap · market cap 8.31%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
228
Businesses Nearby
240k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 41%
Dining 29%
Shops & Services 27%
Electronics 2%
Walmart
Superstores
98,034 visits/mo
0.3 miles
Murphy USA
Shops & Services
29,741 visits/mo
0.2 miles
Zaxby's Chicken Fingers & Buffalo Wings
Dining
19,033 visits/mo
0.0 miles
Dollar Tree
Shops & Services
17,323 visits/mo
0.2 miles
SONIC Drive In
Dining
16,656 visits/mo
0.2 miles
Demographics for 36301, AL
38,447
Population
17,872
Households
2.2
Avg Household Size
40
Median Age
18%
College-Educated
85%
High-School Grad
89.2 sq mi
ZIP Area
431
Density / Sq Mi
$49,124
Median Household Income
$35,333
Median Earnings
$886
Median Rent
$156,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Southview Shopping Center — Southview Shopping Center, 2109 Ross Clark Cir, Dothan, AL 36301
Frequently Asked Questions
What type of property is this?
Shopping center - Shopping center anchored by TitleMax, positioned on U.S. Highway 231 with ample parking and multiple national retail and service tenants.
Where is this shopping center located?
The property is located at 3255 S Oates St Dothan, AL.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Shopping center at 3255 S Oates Street on U.S. Highway 231 with ample parking on a 1.72‑acre lot; Anchored by TitleMax with additional national retail and service tenants, including Firehouse Subs, Advance America, and Direct General Insurance; Tenant mix includes Smoke R Us, Fabulous Nail, and SPD Wireless (Cricket), with 2 vacancies offering potential upside
