Retail Shopping Center with Highway
3255 S Oates St Dothan, AL 36301
For Sale
Contact for pricing
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 Market203
Property Features for 3255 S Oates St
General Information
Standard status
Active
Size
16,800 SF
Lot size
1.72 Acres
Property subtype
RETAIL
Listing Agency:
Skyline Seven
(404) 812-8927
Listed By:
Elliott Kyle · License #299687
(404) 812-8927
Source:
Moodyscre
Added: Jan 8
Changed: Jul 27
Last Checked: Jul 29 at 2:56PM
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
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 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 | $185.5k | $11.04 |
| − Vacancy | −$18.2k | −$1.08 |
| EGI | $167.3k | $9.96 |
| − OpEx | −$50.2k | −$2.99 |
| NOI | $117.1k | $6.97 |
16,800 SF · lease $11.04/SF/yr · vacancy 9.80% · expense 30.00%
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.
Property Analytics
Location Intelligence
Current Use
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
