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    2.05 Acre Parcel On Honeysuckle Rd Dothan, AL 36305

    For Sale
    $429,000

    2.05-acre commercial lot, prime Dothan location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 2.05-acre commercial land parcel is ideally situated on Honeysuckle Road in Dothan, Alabama, zip code 36305. Currently zoned O-2, this property presents a remarkable opportunity for various commercial developments. The lot boasts 304 square feet of Honeysuckle Road frontage, providing excellent visibility and accessibility. Its prime location offers unparalleled convenience, with close proximity to a range of amenities including hotels, restaurants, retail shopping centers, a retirement village, apartment complexes, and banks. A 2017 traffic count recorded 18,850 vehicles passing by, highlighting the high traffic volume in this thriving area. This makes it an excellent site for office buildings, medical facilities, or a freestanding commercial structure. The seller is open to considering the division of the parcel into smaller lots, offering flexibility for potential buyers. This property is priced at $429,000 and represents a significant investment opportunity in a rapidly growing area of Dothan. The location's strong infrastructure and diverse surrounding businesses create a compelling environment for a successful commercial venture. Serious inquiries are encouraged.

    Property Features for 0 2.05 Acre Parcel On Honeysuckle Rd

    General Information

    Property type
    Land
    Lot Size
    89,298 SF

    HighLights

    • High‑traffic location.
    • High visibility with 18,850 vehicles passing daily (2017 data).
    • 304 feet of Honeysuckle Road frontage.
    • Ideal for office or medical use.
    • Partial sale of the property considered.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Dothan
    County
    Houston
    State
    Alabama
    Longitude
    -85.435304
    Latitude
    31.2099896

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    FAQs

    What type of property is this?
    Land - 2.05-acre commercial lot, prime Dothan location.
    Where is this land located?
    The property is located at 2.05 Acre Parcel On Honeysuckle Rd Dothan, AL.
    What is the asking price?
    The asking price for this property is $429,000.
    What are key features of this property?
    This property features: High-traffic location.; High visibility with 18,850 vehicles passing daily (2017 data).; 304 feet of Honeysuckle Road frontage.
    (334) 699-8000
    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.

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    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
    2.05 Acre Parcel On Honeysuckle Rd Dothan, AL 36305
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