Retail Buildings on Corner
758 West Main Street Dothan, AL 36301
For Sale
Contact for pricing
Two buildings with redevelopment potential in downtown Dothan.
Property Size3,000 SF
Lot Size0.32 Acres
Price / SF$66.50
Days on Market75
Property Features for 758 West Main Street
General Information
- Standard status
- Active
- Size
- 3,000 SF
- Lot size
- 0.32 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 1951
Listing Agency:
NAI TALCOR
(334) 596-7890
Listed By:
Kenny Whatley · License #AL 000058211-0
Source:
Crexi
Added: May 14
Changed: Jul 10
Last Checked: Jul 26 at 3:30PM
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 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
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 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
FAQs
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 West Main Street 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.
