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    231 Line Rd Dothan, AL 36301

    For Sale
    $395,000

    5.85 Acres, Hwy 231 & State Line Rd

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 5.85-acre commercial land parcel presents a unique investment opportunity in Dothan, Alabama. Strategically located on the corner of U.S. Highway 231 South and State Line Road, this property boasts high visibility and convenient access. Its proximity—just 500 feet from the Alabama-Florida state line—offers significant advantages, particularly given the reported price difference in fuel between the two states. The parcel's APN is 2706230000006000. The high-traffic location, coupled with its proximity to a popular lottery sales location just across the Florida state line, makes this site ideal for a variety of commercial ventures. Consider the potential for a gas station, convenience store, or other businesses that could capitalize on the substantial foot and vehicle traffic in this area. The asking price for this prime commercial land is $395,000. This represents a compelling opportunity to acquire a well-positioned property with significant development potential in a thriving market. Don't miss this chance to secure a piece of this highly desirable location.

    Property Features for 231 Line Rd

    General Information

    Property type
    Land
    Lot Size
    254,826 SF

    HighLights

    • 5.85‑acre parcel.
    • Parcel number 2706230000006000.
    • 500 feet from the Alabama/Florida state line.
    • High‑traffic location on Highway 231 at State Line Road.
    • High‑volume lottery sales nearby in Florida.
    • Ideal site for gas station/convenience store development.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Dothan
    County
    Dale
    State
    Alabama
    Longitude
    -85.3962769
    Latitude
    31.1348407

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    FAQs

    What type of property is this?
    Land - 5.85 Acres, Hwy 231 & State Line Rd
    Where is this land located?
    The property is located at 231 Line Rd Dothan, AL.
    What is the asking price?
    The asking price for this property is $395,000.
    What are key features of this property?
    This property features: 5.85-acre parcel.; Parcel number 2706230000006000.; 500 feet from the Alabama/Florida state line.
    (334) 699-8000
    Request Owner's contact information
    231 Line Rd Dothan, AL 36301
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    Dothan, AL 36301
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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
    231 Line Rd Dothan, AL 36301
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