500 Kelly Springs Rd Dothan, AL 36303
This exceptional 15-acre commercial property in Dothan, Alabama, presents a remarkable investment opportunity. Located at 500 Kelly Springs Rd, Dothan, AL 36303 (street address approximate), this parcel boasts 850+ feet of frontage along Kelly Springs Road and includes a portion of Kelly Lake. Zoned B-2, the land is suitable for a wide range of commercial developments, including residential homesites, subdivisions, multi-family dwellings, office buildings or parks, townhomes, warehouses, mini-storage facilities, and RV parks. The property's beautiful rolling terrain offers versatility in design and development. Its strategic location across the street from The Pines at Harwick Apartments provides excellent visibility and access to a thriving residential community. The APN is 0409320000010020. This is a rare opportunity to acquire a significant tract of land in a desirable location with high development potential. The asking price is $339,900. Ownership is held by Whaler Investments, LLC. Serious inquiries only.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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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.