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Property profile & analytics
FOR SALE
Turn key restaurants

3421 Ross Clark Cir Dothan, AL 36303

5,256 SF 1.89 ac lot Built 1997
Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US03-1059554
Property summary
AI-generated overview

This 5,296 square foot vacant restaurant building, situated on a 1.88-acre lot in Dothan, Alabama, presents a unique investment opportunity. Located on Ross Clark Circle, a major thoroughfare with an annual daily traffic count exceeding 31,591 vehicles, the property benefits from high visibility and accessibility. The building, originally constructed in 1997 and extensively renovated in 2018, boasts a modern interior featuring new flooring, updated wiring and lighting, a modernized kitchen with 95% new equipment, and upgraded HVAC systems, hoods, and fire suppression. Additional improvements include new digital message boards, menu displays, and point-of-sale systems, as well as private dining spaces with movable partitions. The property's location on "Restaurant Row" places it among established national chains like Longhorn Steakhouse, Cracker Barrel, IHOP, and others, ensuring high foot traffic and brand recognition. Its proximity to major retail centers, including the Shops on the Circle, Northside Mall, and Wiregrass Commons Mall, further enhances its appeal. The property includes a convenient drive-thru and ample parking. This turnkey restaurant is ready for immediate occupancy and offers significant potential for a new owner or operator seeking to capitalize on Dothan's thriving retail market. The asking price is $1,800,000.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1997
Total area 5,256 SF
Lot 1.89 ac (82,328 SF)
APN 09-02-10-3-010-015-006
UPID US03-1059554
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
  • Fazoli's Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.46M
Blend (final) Blend
$2.46M
Owner & transaction history
Top Prosperity Investment LLC · 1 yrs held
Top Prosperity Investment LLC
since 2025
2 recorded transactions
2025
Price N/A
2018
$1,225
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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