0 Brannon Stand Rd Dothan, AL 36303
This exceptional 145-acre parcel presents a remarkable investment opportunity in Dothan, Alabama. Strategically located between Murphy Mill Road and N. Brannon Stand Road, just 0.7 miles southwest of Highway 231, this property enjoys unparalleled access to Dothan's thriving amenities. Within a three-minute drive, you'll find major retail centers anchored by Dillard's, Belk, and JCPenney at Wiregrass Commons Mall, the renowned Robert Trent Jones Golf Trail, and Flowers Hospital, a significant 235-bed medical facility employing over 1100 people. The area boasts robust educational institutions, including Troy University (3023 students, 63 degree programs) and the Alabama College of Osteopathic Medicine (ACOM), a 110,000-square-foot facility housing 620 students and over 60 staff members. Dothan's economic strength is further supported by a diverse range of industries, including manufacturing (Southern Nuclear, Michelin, Conagra Foods, Wayne Farms, Borden Dairy) and agriculture (cotton, peanuts, corn, soybeans, beef cattle, dairy). The property's proximity to Dothan's population center (68,522) and the larger tri-county area (149,432) underscores its significant development potential. Enjoy Dothan's attractions, including the Botanical Gardens, Wiregrass Museum of Art, National Peanut Festival, and Regional Airport. The property's $16,000 per acre price point reflects its exceptional location and potential for residential or multi-family development. The moderate climate and proximity to Florida's beaches add to its appeal. This is a rare opportunity to acquire a substantial land holding in a rapidly growing area. The asking price for this expansive property is $2,320,000.
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
Physical attributes from public recordsZoning & alternative use
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.