Property profile

2321 Montgomery Hwy Dothan, AL 36303

FOR SALE
Retail space
Property ID
US03-1267814
3,056 SF 0.41 ac lot Built 1989
Individually Owned 2-yr Hold Absentee Owner Free & Clear
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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

Current use

Occupant on record · Public records
  • Grocery & Convenience Store Food Market

Location

2321 Montgomery Hwy Dothan, AL 36303
Dothan metro Census 40400 DOTHAN, AL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$75k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$75k

Owner & transaction history

since 2024
Last sale
$75,000
2 recorded transactions
2024
$75,000
2015
$131,200

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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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