Retail Buildings on Corner
For Sale
$199,500
758 W Main St, Dothan, AL 36301
Two buildings with redevelopment potential in downtown Dothan.
Property Size3,000 SF
Lot Size0.32 Acres
Price / SF$66.50
Days on Market149
Property Features for 758 W Main St
General Information
Standard status
Active
Size
3,000 SF
Lot size
0.32 Acres
Property subtype
Street Retail
Building Details
Building Size
3,000 SF
Listing Agency:
NAI TALCOR
Listed By:
Kenny Whatley · License #0000582110
(334) 699-8000
Source:
Thebrokerlist
Added: May 16
Changed: Sep 12
Last Checked: Oct 9 at 4:12PM
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 NAI TALCOR
Investment Insights
Based on property information with market context.
Two buildings are situated on a 0.32-acre corner lot. The first building, located at 758 W. Main St, is a ±1,000 SF retail space currently leased to Alabama Title Loans. The lease expires May 31, 2026, with one renewal option through May 31, 2031. The current gross rent is $1,130.80 per month, with an increase to $1,243.80 upon renewal. The second building, located at 102 Montana St, is a ±2,000 SF metal building leased to a tenant operating a car wash and barber shop on a month-to-month basis at $600 per month. The rear metal building offers flexibility for redevelopment or repositioning, with additional upside potential upon expiration of the retail building lease. The property is located in close proximity to the new City Hall, Porter Park Events Plaza, Wiregrass Innovation Center, Opera House, and other ongoing improvements.
Key Highlights
- Corner lot location on W. Main Street and Montana Street, near downtown developments.
- Two buildings on 0.32‑acre lot offering diverse income streams.
- Building 1 leased to Alabama Title Loans with lease expiring May 31, 2026, and renewal option through May 31, 2031.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,781
Cap Rate
5.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$235,620
$235.6K
Cap Rate 7%
$168,300
$168.3K
Cap Rate 9%
$130,900
$130.9K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$18.0K $6.00/SF
− Vacancy
−$1.2K −$0.39/SF
EGI
$16.8K $5.61/SF
− OpEx
−$5.0K −$1.68/SF
NOI
$11.8K $3.93/SF
Area
Houston County, AL
Vacancy
6.50%
Lease Rate
$6.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$235,620
Cap Rate 7%
$168,300
Cap Rate 9%
$130,900
Alternative Uses
Best Use
Specialty Retail
$448.4K
$392.4K – $523.1K
NOI $31,388 @ 7.0% cap · market cap 15.73%
Second Best
Retail
$298.7K
$261.4K – $348.5K
NOI $20,912 @ 7.0% cap · market cap 10.48%
Theoretical Best
Healthcare Medical
$530.2K
$464.0K – $618.6K
NOI $37,117 @ 7.0% cap · market cap 18.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
627
Businesses Nearby
Explore this area
Business Placement
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Retail space - Two buildings with redevelopment potential in downtown Dothan.
Where is this retail space located?
The property is located at 758 W Main St Dothan, AL.
What is the asking price?
The asking price for this property is $199,500.
What are key features of this property?
This property features: Corner lot location on W. Main Street and Montana Street, near downtown developments.; Two buildings on 0.32‑acre lot offering diverse income streams.; Building 1 leased to Alabama Title Loans with lease expiring May 31, 2026, and renewal option through May 31, 2031.
