Property profile

1253 Forest Ave Luverne, AL 36049

OFF-MARKET
Retail properties & Spaces
3,500 SF 0.85 ac lot Built 2008
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Retail properties & Spaces
Year built 2008
Total area 3,500 SF
Lot 0.85 ac (37,026 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1253 Forest Ave Luverne, AL 36049
Luverne metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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