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Property profile & analytics
FOR SALE
Retail space

2321 Montgomery Hwy Dothan, AL 36303

3,056 SF 0.41 ac lot Built 1989
Individually Owned 2-yr Hold Absentee Owner Free & Clear
Property ID
US03-1267814
Property summary
AI-generated overview

This exceptional 3,040 square foot commercial building, situated on a 0.41-acre lot at 2321 Montgomery Highway in Dothan, Alabama, presents a remarkable investment opportunity. Currently vacant, this property is zoned L-1 (light industry), offering a wide array of potential uses. Imagine transforming this space into a thriving nail or hair salon, a convenient HVAC repair shop, a creative sign business, a unique thrift store, or countless other possibilities. The building features double doors on the left side, providing easy access for deliveries and customers. Upstairs, ample storage space awaits, adding to the property's versatility. The expansive lot allows for the addition of more parking in the rear and along the side, enhancing convenience and accessibility for patrons and employees. Its prime location, just half a mile from the bustling Ross Clark Circle (Highway 210), ensures high visibility and convenient access to major transportation routes, maximizing exposure to a large customer base. This property is ready for your vision and entrepreneurial spirit. Don't miss this chance to own a versatile commercial space in a thriving Dothan location. The asking price is $399,900.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1989
Total area 3,056 SF
Lot 0.41 ac (18,060 SF)
APN 09-06-14-2-003-006-001
UPID US03-1267814
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Deep South Vapors Grocery & Convenience Store Food Market
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Michael Barfield · 2 yrs held
Michael Barfield
since 2024
Last sale
$75,000
2 recorded transactions
2024
$75,000
2015
$131,200
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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