Property profile

2484 Redmond Rd Dothan, AL 36303

FOR SALE
Retail space
Property ID
US03-1171469
7,263 SF 1.14 ac lot Built 1995
Individually Owned 5-yr Hold Absentee Owner Free & Clear
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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

Current use

Occupant on record · Public records
  • Food Processing Plant

Location

2484 Redmond Rd Dothan, AL 36303
Dothan metro Census 40302 DOTHAN, AL METROPOLITAN STATISTICAL AREA
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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

since 2020
2 recorded transactions
2020
Price N/A
2009
Price N/A

Zoning & alternative use

Top alternative use upside
Office building $680,000 +21.9%
Commercial (general) $655,000 +17.7%

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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