Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    852 Forest Ave Luverne, AL 36049

    For Sale
    $249,900

    Prime Retail Space, High Visibility

    Property size:
    3,520 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional retail property, located at 852 S Forest Ave in Luverne, Alabama, presents a fantastic investment opportunity. Built in 1994, this single-story building offers 3,520 square feet of space, ideally suited for a variety of retail uses. The property boasts 2,400 square feet of dedicated retail space, complemented by 800 square feet of convenient storage space accessible via a 6x8 roll-up door. An additional 12x13 office and a half-bath provide functional workspace. Natural light floods the interior through ten 5x6 windows. Two entrances ensure easy access for customers. The metal building is equipped with two central air conditioning units, ensuring year-round comfort. Ample parking is provided with 12 dedicated spaces. The property sits on a 1.09-acre lot and benefits from 60 feet of frontage on Highway 331, guaranteeing high visibility and accessibility. The asking price is $249,900, translating to $70.99 per square foot. This well-maintained property is ready for immediate occupancy and presents a compelling opportunity for retail entrepreneurs seeking a thriving location in Luverne, Alabama, zip code 36049.

    Property Features for 852 Forest Ave

    General Information

    Property type
    Retail properties
    Square Feet
    3,520 SF
    Lot Size
    47,480 SF

    Building Details

    Year Built
    1994
    Buildings
    1
    Stories
    1
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Encore Rehabilitation-Luverne Physical Therapy Clinic Brandi Norman Physical Therapist Michael Pitts Physical Therapist

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Luverne
    County
    Crenshaw
    State
    Alabama
    Longitude
    -86.2650001
    Latitude
    31.7038086

    Nearby Similar for Sale

    • $739,999
      7,394 SF

      Spacious Multi-Unit Property in Luverne

      16-bedroom, 16-bathroom property ideal for group residence or retreat.
      370 Roy Beall Dr, Luverne, AL 36049
      View Details
    • $499,900
      2,322 SF

      Dental Office Building on Hwy 331

      Dental office building in Luverne, leased until February 2026.
      1666 S Forest Ave, Luverne, AL 36049
      View Details
    • $985,000
      5,000 SF

      Turnkey Event Venue Opportunity

      Turnkey event venue with full-service kitchen on 8.57 acres.
      1567 Airport Rd, Luverne, AL 36049
      View Details
    • $250,000
      7,500 SF

      Luverne Commercial Building For Sale

      7500 SF commercial building with retail and office space.
      1257 S Forest Ave, Luverne, AL 36049
      View Details
    • $650,000
      9,000 SF

      Renovated Commercial Building in Luverne

      Completely renovated commercial building with flexible space and modern amenities.
      174 South Forest Ave, Luverne, AL 36049
      View Details
    • New
      $139,900
      2,839 SF

      Luverne Church with Expansion Potential

      Church with unfinished addition, suitable for office or residential conversion.
      198 Barbara Ave, Luverne, AL 36049
      View Details

    FAQs

    What type of property is this?
    Retail property - Prime Retail Space, High Visibility
    Where is this retail property located?
    The property is located at 852 Forest Ave Luverne, AL.
    What is the asking price?
    The asking price for this property is $249,900.
    (334) 335-6784
    Request Owner's contact information
    852 Forest Ave Luverne, AL 36049
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    852 Forest Ave
    Luverne, AL 36049
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    852 Forest Ave Luverne, AL 36049
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.