0 Us-431 Dothan, AL 36303
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.