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191 Foster St Dothan, AL 36303

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For Sale
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Historic building, multiple income streams

Property size:
28,789 SF

Property Features for 191 Foster St

General Information

Property type
Individual retail properties
Square Feet
28,789 SF
Class
B
Lot Size
13,939 SF

Building Details

Year Built/Renovated
1937/2020
Buildings
1
Stories
2

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Listing Contact
Kenny Whatley
Kenny Whatley

Listing Agency: TALCOR ALABAMA, LLC dba NAI Whatley Listing Agent: Kenny Whatley

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Property Insight Report

Overview

The Colby Building, a stunning 28,789 square foot mixed-use property in Dothan, Alabama, presents a unique investment opportunity. This two-story, historically significant building, originally constructed in 1937 and extensively renovated in 2020, boasts a prime location in the heart of Downtown Dothan's revitalization project. Currently housing Bella's Fine Dining & Wine Bar, Bella's Ballroom & Event Venue with a bridal suite, and 22 offices, the building is 96% occupied with 24 tenants under a modified lease with corporate guarantees. A soon-to-be-developed rooftop bar will add another significant revenue stream. The building features a newly installed roof and offers a fully furnished and equipped interior. The 0.32-acre lot is zoned CBD, providing flexibility for future uses. This Class B property offers multiple income streams, benefiting from the ongoing multi-million dollar downtown redevelopment, including a new Civic Center, Opera House enhancements, hotel and mixed-use developments, a new Wiregrass Arts & Innovation Center, and enhanced greenspace. The Colby Building is an exceptional opportunity to own a piece of Dothan's vibrant future. The property is fee simple ownership and includes one key.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

1-800 Office Solutions Computer & Electronic Repair Bella's Ballroom Hotel & Motel Foster Florist & Flower ... Florist

Suggested Use

Restaurant Real Estate Agency Dental Office Building Supply Law Firm Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

Location Insight

  • Map
  • Local Demand
City
Dothan
County
Houston
State
Alabama
Longitude
-85.3924526
Latitude
31.2250397

FAQs

What type of property is this?
Individual retail property - Historic building, multiple income streams
Where is this individual retail property located?
The property is located at 191 Foster St Dothan, AL.
What are key features of this property?
This property features: Multiple income streams from diverse tenants.; Historic Downtown Dothan location.; Prime location within a multi-million dollar downtown revitalization project.
(334) 596-7890 Call to check price and availability
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