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    2870 Montgomery Hwy Dothan, AL 36303

    For Lease
    $33 SF/Yr

    High-traffic retail space, 2,998 sq ft.

    Lot size:
    2,998 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional retail opportunity presents 2,998 square feet of newly renovated space within a vibrant Dothan, Alabama retail center. Located at the high-traffic intersection of Ross Clark Circle and Montgomery Highway (Hwy 231), this property benefits from a combined daily traffic count of 73,690 vehicles. The center is part of a thriving retail corridor, anchored by an Urgent Care facility and the Vitamin Shoppe, and situated near Wiregrass Commons, Shoppes on the Circle, and Northside Plaza. This is a redevelopment of an existing 11,500 square foot building, offering multiple tenancy options suitable for a variety of businesses, including optical, physical therapy, salon, dental, or restaurant uses. The property's prime location and high visibility ensure maximum exposure to a large customer base. This is an excellent chance to establish or expand your business in a high-demand area of Dothan, within a well-established and successful retail center. The address is 2870 Montgomery Hwy, Dothan, AL 36303, in Houston County.

    Property Features for 2870 Montgomery Hwy

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    2,998 SF

    Unit(s) available at that property

    Space
    Available Space 2
    Size
    2,998 SF
    Rate per SF
    $33

    HighLights

    • 2,998 SF of newly renovated retail space in Dothan, AL.
    • High‑traffic location at Ross Clark Circle & Montgomery Hwy (Hwy 231), 73,690 VPD.
    • White box condition, easily accessible with ample parking.
    • Monument signage on Montgomery Highway.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Dothan
    County
    Houston
    State
    Alabama
    Longitude
    -85.423642267453
    Latitude
    31.248529243463

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    FAQs

    What type of property is this?
    Restaurant - High-traffic retail space, 2,998 sq ft.
    Where is this restaurant located?
    The property is located at 2870 Montgomery Hwy Dothan, AL.
    What is the lease rate?
    The lease rate is $33 SF/Yr.
    What are key features of this property?
    This property features: 2,998 SF of newly renovated retail space in Dothan, AL.; High-traffic location at Ross Clark Circle & Montgomery Hwy (Hwy 231), 73,690 VPD.; White box condition, easily accessible with ample parking.
    Request Owner's contact information
    2870 Montgomery Hwy Dothan, AL 36303
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    Dothan, AL 36303
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2870 Montgomery Hwy Dothan, AL 36303
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