1253 Forest Ave Luverne, AL 36049
This exceptional 3,500 square foot retail storefront, built in 2008, is situated on a nearly one-acre lot in Luverne, Alabama. Currently operating as a clothing store with 100% occupancy until June 21, 2024, this property offers significant potential for various uses. The building boasts 3,000+ square feet of retail space, three dressing rooms, and over 400 square feet of rear storage. Features include a metal exterior and roof, central heating and cooling, 10-foot ceilings, and commercial carpeting. The property includes 16 dedicated parking spaces with additional availability. Zoned for city use, this standalone building presents a versatile opportunity for retail, office, or even religious or restaurant purposes. The land value alone is substantial, at $70 per square foot. The asking price is $250,000. This is a sale/leaseback opportunity for a clothing store. The building is in excellent condition.
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
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.