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    Reeves St Dothan, AL 36303

    Sponsored
    For Sale
    $609,000

    Prime 1-acre commercial lot, high visibility.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1-acre commercial land parcel presents a remarkable investment opportunity in Dothan, Alabama. Strategically situated on Reeves Street (US Business Highway 431), this property boasts an impressive 507 feet of frontage and a depth of 276 feet, ensuring significant visibility for any commercial venture. The high traffic count of 20,566 vehicles per day on US Business Highway 431 provides exceptional exposure. Conveniently located just ½ mile from Ross Clark Circle and 0.6 miles from Westgate Parkway, this site offers easy access and strong connectivity to the surrounding area. The property's dimensions and location make it ideal for a variety of commercial developments. Furthermore, there's the potential to expand your footprint, with two additional adjacent lots available for purchase at $429,000 each. This presents a unique chance to acquire a larger contiguous parcel to accommodate larger-scale projects. The property's address is Reeves St, Dothan, AL 36303, and is located in Houston County. This is a rare opportunity to secure a prime commercial site in a thriving location. Don't miss out on this chance to build your business in a high-traffic area with excellent visibility.

    Property Features for 0 Reeves St

    General Information

    Property type
    Land
    Lot Size
    43,560 SF

    HighLights

    • $609,000 asking price.
    • 1‑acre commercial land parcel.
    • Located on US Business Highway 431 (Reeves St) in Dothan, Alabama, 36303.
    • High visibility with 507 feet of frontage and 276 feet of depth.
    • Convenient access near Ross Clark Circle and Westgate Parkway.
    • Adjacent lots available for purchase.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Dothan
    County
    Houston
    State
    Alabama
    Longitude
    -85.382786543552
    Latitude
    31.263192345297

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    FAQs

    What type of property is this?
    Land - Prime 1-acre commercial lot, high visibility.
    Where is this land located?
    The property is located at Reeves St Dothan, AL.
    What is the asking price?
    The asking price for this property is $609,000.
    What are key features of this property?
    This property features: $609,000 asking price.; 1-acre commercial land parcel.; Located on US Business Highway 431 (Reeves St) in Dothan, Alabama, 36303.
    Request Owner's contact information
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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
    Reeves St Dothan, AL 36303
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