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    FOR SALE
    Retail space

    2484 Redmond Rd, Dothan, AL 36303

    7,263 SF 1.14 ac lot Built 1995
    Individually Owned 5-yr Hold Absentee Owner Free & Clear
    Property ID
    US03-1171469
    Property summary
    AI-generated overview

    This exceptional 7,202 square foot commercial property located at 2484 Redmond Road in Dothan, Alabama, presents a significant business opportunity. The building offers a versatile layout ideal for a variety of commercial uses. The ground floor boasts seven spacious rooms, including a well-equipped kitchen featuring some commercial-grade appliances, a walk-in cooler, and a private bathroom. Upstairs, a large room is available, potentially suitable for separate rental income. Two additional public restrooms are conveniently located on the main floor. The property includes five heating and cooling units, ensuring comfortable climate control throughout the building. The kitchen equipment is approximately five years old. Exterior storage provides ample space with a large freezer and a large refrigerator unit. The property is being sold in its current "as-is" condition. This prime location in Dothan offers excellent visibility and accessibility, making it an attractive investment for entrepreneurs and business owners seeking a substantial commercial space. The building's size and layout provide flexibility for various business models, from restaurants and retail to offices and other commercial ventures. The existing kitchen and cooler are valuable assets for food-related businesses. The potential for separate rental income from the upstairs space adds to the overall investment appeal. Serious inquiries are encouraged to explore the possibilities of this promising commercial property.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1995
    Total area 7,263 SF
    Lot 1.14 ac (49,860 SF)
    APN 09-02-03-3-001-015-002
    UPID US03-1171469
    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
    • G.A. Food Services Food Processing Plant
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $686k
    Blend (final) Blend
    $700k
    Owner & transaction history
    Dana N Weed · 5 yrs held
    Dana N Weed
    since 2020
    2 recorded transactions
    2020
    2009
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Office building $680,000 +21.9%
    Commercial (general) $655,000 +17.7%
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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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