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Dothan Commercial Corner Lot

758 W Main St Dothan, AL 36301

Claim this Listing
For Sale
$199,500

COMMERCIAL - Dothan, AL

Property size:
3,000 SF
Lot size:
0.32 Acres
Price / SF:
$66/SF
Added:
May 14, 2026
Days on Market:
60
Last Refresh:
Jul 12 at 10:06 am

Property Features for 758 W Main St

General Information

Property type
Commercial Sale
Property subtype
Other
Standard status
Active
APN
0906231001023000
Size
3,000 SF
Lot size
0.32 Acres

Building Details

Year built
1911
Floors in Building
1

Listing agent Kenny Whatley License #0000582110

Listing office NAI TALCOR 107 Hidden Glen Way, Dothan, AL

Listing date May 14, 2026

MLS# 213088

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 commercial property features two buildings situated on a 0.32-acre corner lot. Building 1, located at 758 W. Main St, is a 1,000 SF retail space currently leased to Alabama Title Loans. The lease extends through May 31, 2026, with a renewal option until May 31, 2031. The current gross rent is $1,130.80 per month, with an increase to $1,243.80 upon renewal. Building 2, 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 presents a value-add opportunity for redevelopment or repositioning, with additional upside potential upon the retail building lease's expiration. The property benefits from a strong corner location with good visibility and access. It is located near several major downtown developments, including the new City Hall, Porter Park Events Plaza, Wiregrass Innovation Center, and Opera House. Situated between the Shell Station and Houston County Career Academy, it is also across from Jack's and near Porter Square Mall shopping center. Traffic counts on W. Main St are 26,518 vehicles per day (2024 AADT).

Key Highlights

  • High‑traffic corner lot location with 26,518 vehicles per day on W. Main St.
  • Two buildings on 0.32 acres, offering diversified income streams.
  • Building 1 is leased to Alabama Title Loans through May 31, 2026, with renewal option until 2031, generating $1,130.80/month gross rent, increasing to $1,243.80 upon renewal.

Local Financial Insights For Industrial

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 $18.0k $6.00
− Vacancy −$1.2k −$0.39
EGI $16.8k $5.61
− OpEx −$5.0k −$1.68
NOI $11.8k $3.93
3,000 SF · lease $6.00/SF/yr · vacancy 6.50% · expense 30.00%

Alternative Uses

Best Use
Specialty Retail
$448.4K
$392.4K – $523.1K (±1% cap)
NOI $31,388 @ 7.0% cap · market cap 15.73%
Second Best
Retail
$298.7K
$261.4K – $348.5K (±1% cap)
NOI $20,912 @ 7.0% cap · market cap 10.48%
Theoretical Best
Healthcare Medical
$530.2K
$464.0K – $618.6K (±1% cap)
NOI $37,117 @ 7.0% cap · market cap 18.61%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Cash Cow Loan Service Consumer Loan Careers Loan Service Alabama Title Loans, ... Loan Service

Suggested Use

Parking Lot & Garage Real Estate Agency Electrical Service Accounting Firm Gym & Fitness Center HVAC Service Grocery & Convenience Store Cafe & Coffee Shop Bakery Locksmith

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Retail space - Two buildings on a 0.32-acre lot in Dothan, AL.
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: High‑traffic corner lot location with 26,518 vehicles per day on W. Main St.; Two buildings on 0.32 acres, offering diversified income streams.; Building 1 is leased to Alabama Title Loans through May 31, 2026, with renewal option until 2031, generating $1,130.80/month gross rent, increasing to $1,243.80 upon renewal.
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