2261 Oates St Dothan, AL 36301-5063

This exceptional investment opportunity presents a 1,536 square foot storefront located at 2261 S. Oates St, Dothan, Alabama, 36301. The property, built in 1955 and completely renovated in 2024, boasts a prime location just off the intersection of Highway 231 S and Ross Clark Circle, benefiting from high visibility and convenient access. Currently occupied by a tattoo shop under a Net Lease (NN+) agreement, the property offers a strong, stable income stream with a lease extending until February 27, 2027 (approximately 2.3 years remaining). The tenant, Lit Tattoo Co., enjoys a right of first refusal. The building features a spacious open layout, a newly renovated restroom, a rear storage area, and a new HVAC unit. Improvements include new flooring, paint, ceiling, and lighting. Seven parking spaces are available on-site, with additional parking located at the rear. The property sits on a one-acre lot and is zoned B-2. The asking price is $159,000, representing a compelling $103.52 per square foot and a 9.66% capitalization rate based on a Net Operating Income (NOI) of $15,360. Nearby businesses include RNR Tire Express, AutoZone, O'Reilly's, Flying J, Things & Wings, and Waffle House. This is a turnkey investment opportunity with a proven tenant and significant upside potential.