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Property profile & analytics
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
Price N/A
2009
Price N/A
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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