Commercial Redevelopment
3546 Reeves Street Dothan, AL 36303
For Sale
$550,000
COMMERCIAL - Dothan, AL
Property Size3,730 SF
Lot Size2.02 Acres
Price / SF$147.45
Days on Market242
Property Features for 3546 Reeves Street
General Information
Property type
Commercial Sale
Property subtype
Other
Standard status
Active
APN
10-03-06-2-001-003.000
Lot size
2.02 Acres
Building Details
Year built
1964
Floors in Building
1
Listing Agency:
Lan Darty Real Estate & Development
(334) 699-2300
Listed By:
Casey Tillery
(334) 714-7841
Added: Nov 30, 2025
Changed: Jul 8
Last Checked: Jul 30 at 6:06AM
MLS# 206054
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 prime commercial property offers multiple development components on a single parcel, including a 2,788 sq ft home with multiple rooms and a large inground pool. A separate 942 sq ft historic retail building is also included, with its own entrance from the road. The property further benefits from 5 dedicated parking spaces, supporting a range of storefront and customer-facing uses.
Set along a major corridor, the site fronts Hwy 431 N / Reeves St and offers over 400 feet of road frontage. Public remarks indicate traffic exceeding 22,000 cars per day and strong visibility for prospective tenants and customers.
With B-2 zoning, the property is positioned for a wide range of retail, office, and service uses, making it a practical fit for investors and operators evaluating redevelopment or mixed-use conversions. The combination of an existing road-accessible retail building and the included residence can support different phasing and occupancy strategies, depending on the tenant’s business plan.
Set along a major corridor, the site fronts Hwy 431 N / Reeves St and offers over 400 feet of road frontage. Public remarks indicate traffic exceeding 22,000 cars per day and strong visibility for prospective tenants and customers.
With B-2 zoning, the property is positioned for a wide range of retail, office, and service uses, making it a practical fit for investors and operators evaluating redevelopment or mixed-use conversions. The combination of an existing road-accessible retail building and the included residence can support different phasing and occupancy strategies, depending on the tenant’s business plan.
Key Highlights
- Over 2 acres with 400+ ft road frontage on Hwy 431 N / Reeves St in Dothan, on a 22,000+ cars/day corridor
- Includes a 2,788 SF home built in 1964 with multiple rooms and a large inground pool
- Also includes a 942 SF historic retail building with a separate entrance from the road
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 | $41.2k | $11.04 |
| − Vacancy | −$4.0k | −$1.08 |
| EGI | $37.1k | $9.96 |
| − OpEx | −$11.1k | −$2.99 |
| NOI | $26.0k | $6.97 |
3,730 SF · lease $11.04/SF/yr · vacancy 9.80% · expense 30.00%
Alternative Uses
Best Use
Retail
$371.4K
$325.0K – $433.4K
NOI $26,001 @ 7.0% cap · market cap 4.73%
Second Best
Apartment 5plus
$291.5K
$255.1K – $340.1K
NOI $20,407 @ 7.0% cap · market cap 3.71%
Theoretical Best
Healthcare Medical
$659.3K
$576.9K – $769.2K
NOI $46,149 @ 7.0% cap · market cap 8.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Commercial land - High-visibility, B-2 zoned site with both a historic retail building and an existing residence for flexible redevelopment.
Where is this commercial land located?
The property is located at 3546 Reeves Street Dothan, AL.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Over 2 acres with 400+ ft road frontage on Hwy 431 N / Reeves St in Dothan, on a 22,000+ cars/day corridor; Includes a 2,788 SF home built in 1964 with multiple rooms and a large inground pool; Also includes a 942 SF historic retail building with a separate entrance from the road
