156 Foster St Dothan, AL 36303-4540
- Retail space
- 3,322 SF
- 0.07 lot acres
Current Use by Public Records
- Heartland Wellness Clinic / Medical Center / Heating Oil Supplier
- The Nature Gallery Yoga & Massage Studio / Yoga Studio / Massage Therapist
Property Details for 156 Foster St
- Year built
- 1900
- Lot size
- 0.07 lot acres
- Property size
- 3,322 SF
- Property type
- Retail space
- APN
- 09-06-24-1-200-011-000
- APU
- 906241200011000
Description
This exceptional mixed-use storefront property, located at 156 North Foster Street in Dothan, Alabama, presents a unique investment opportunity. The 3,200 square foot building boasts a thoughtfully designed layout across two stories. The ground floor features an open plan ideal for retail, complete with built-in sales counters, a kitchenette, restrooms, and ample storage space. A significant advantage is the city-granted easement on the rear lot, allowing for the construction of a public deck overlooking a soon-to-be-developed green space, part of the City Center Project and Opera House Renovations. This promises increased foot traffic and visibility. Upstairs, the second floor offers versatile flex space, perfect for office use or additional retail space, a private office or bedroom, and a full bathroom with a shower. The entire building underwent a complete renovation in 2008, ensuring modern functionality and aesthetics. The asking price is $495,000, translating to $154.69 per square foot. The property is situated across from KBC, providing excellent visibility and accessibility. Prospective buyers are responsible for conducting their own due diligence regarding property condition. This is a rare opportunity to acquire a well-maintained, strategically located property in a thriving area of Dothan. The zip code is 36303.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $365,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $415,000
- 6.5%
- $420,000
- 7%
- $365,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $440,000
- Geo Method
- $435,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $345,000
- Retail
- $345,000
- Mixed-Use
- $325,000
- Hospitality
- $310,000
- Educational
- $345,000
- Residential Income
- $400,000
- Energy
- $375,000
- Income-Based Land
- $340,000
- Food Service
- $335,000
Location Insight
- Map
- Local Demand
- City
- Dothan
- County
- Houston
- State
- Alabama
- Longitude
- -85.3919
- Latitude
- 31.2245
- CBSA code
- 20020
- CBSA name
- DOTHAN, AL METROPOLITAN STATISTICAL AREA
