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    Us-431 Dothan, AL 36303

    Sponsored
    For Sale
    $499,000

    1.78 Acres, High Traffic Area, US-431

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 1.78-acre commercial land parcel presents a remarkable investment opportunity in Dothan, Alabama. Located at the intersection of US-431 (Reeves St.) and Westgate Parkway, this property boasts a highly desirable location directly adjacent to Dothan High School. With 500 feet of frontage on US-431, it benefits from exceptional visibility and accessibility, experiencing a high volume of daily traffic (20,468 vehicles per day according to ALDOT 2019 data). The property's zoning is B-2, offering a range of development possibilities. Its proximity to a major thoroughfare places it within easy reach of a diverse array of amenities, including a hospital, medical offices, pharmacies, restaurants, grocery stores, and retail shopping centers. The site's strategic location makes it particularly well-suited for a car wash, and its size and location offer significant potential. An adjacent 2.72-acre parcel is also available for purchase, creating the possibility of acquiring approximately 4.5 acres for a larger-scale development such as a service station or strip mall. The APN is 38 10 03 06 2 001 008.000. This is a rare opportunity to acquire a highly visible and strategically located commercial property in a thriving area of Dothan. The asking price is $499,000.

    Property Features for 0 Us-431

    General Information

    Property type
    Land
    Lot Size
    77,537 SF

    HighLights

    • 1.78‑acre commercial lot in Dothan, AL, at US‑431 (Reeves St.) and Westgate Parkway, adjacent to Dothan High School.
    • High visibility with 500 feet of frontage on US‑431 (20,468 VPD).
    • B‑2 zoning allows for diverse development options.
    • Ideal location for a car wash.
    • Adjacent 2.72‑acre parcel available, totaling approximately 4.5 acres suitable for larger developments like a service station or strip mall.
    • APN: 38 10 03 06 2 001 008.000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Dothan
    County
    Houston
    State
    Alabama
    Longitude
    -85.37844598
    Latitude
    31.26843587

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    FAQs

    What type of property is this?
    Land - 1.78 Acres, High Traffic Area, US-431
    Where is this land located?
    The property is located at Us-431 Dothan, AL.
    What is the asking price?
    The asking price for this property is $499,000.
    What are key features of this property?
    This property features: 1.78-acre commercial lot in Dothan, AL, at US-431 (Reeves St.) and Westgate Parkway, adjacent to Dothan High School.; High visibility with 500 feet of frontage on US-431 (20,468 VPD).; B-2 zoning allows for diverse development options.
    (334) 699-8000
    Request Owner's contact information
    Us-431 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
    Us-431 Dothan, AL 36303
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