3320 Montgomery Hwy Dothan, AL 36303-2114
- Turn key restaurants
- 6,803 SF
- 1.93 lot acres
Current Use by Public Records
- Turn key restaurants
Property Details for 3320 Montgomery Hwy
- Year built
- 1998
- Lot size
- 1.93 lot acres
- Property size
- 6,803 SF
- Property type
- Turn key restaurants
- APN
- 09-02-10-2-000-001-007
- APU
- 902102000001007
Description
This exceptional 7,327 square foot retail property, situated on a prominent 1.9-acre lot at 3320 Montgomery Highway in Dothan, Alabama, presents a unique investment opportunity. Currently configured as a single-tenant restaurant space, the building boasts ample square footage, with 6,803 square feet currently vacant, offering significant potential for redevelopment or lease to a new tenant. Built in 1998, the structure is located in Houston County, zip code 36303, and benefits from high visibility along Montgomery Highway, ensuring strong foot traffic and brand recognition. The expansive 1.9-acre lot provides ample parking and potential for future expansion or outdoor seating. This property is ideal for a variety of restaurant concepts or other retail businesses seeking a high-traffic location in a thriving community. The significant vacant space presents a blank canvas for customization, allowing a new tenant to create a space perfectly tailored to their needs. This is a rare opportunity to acquire a substantial retail property in a desirable location with significant upside potential. The property's size and location make it an attractive option for businesses seeking to establish a strong presence in the Dothan market. Serious inquiries are encouraged.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,500,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,685,000
- 6.5%
- $1,630,000
- 7%
- $1,705,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,810,000
- Geo Method
- $1,650,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,525,000
- Retail
- $1,975,000
- Mixed-Use
- $1,580,000
- Hospitality
- $1,560,000
- Educational
- $1,905,000
- Residential Income
- $1,535,000
- Energy
- $1,550,000
- Income-Based Land
- $1,840,000
- Food Service
- $1,900,000
Location Insight
- Map
- Local Demand
- City
- Dothan
- County
- Houston
- State
- Alabama
- Longitude
- -85.4293
- Latitude
- 31.2545
- CBSA code
- 20020
- CBSA name
- DOTHAN, AL METROPOLITAN STATISTICAL AREA
