3320 Montgomery Hwy Dothan, AL 36303-2114
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.