704 Murray Rd Dothan, AL 36303
- Retail properties
- 4,044 SF
- 3.91 lot acres
Current Use by Public Records
- Secure Trailer Lots / Parking Lot
- Wheely Awesome Diesel Repair / Diesel Engine Repair Service
- Parks Truck Repair LLC / Diesel Engine Repair Service / Truck Repair Shop
Property Details for 704 Murray Rd
- Year built
- 1968
- Lot size
- 3.91 lot acres
- Property size
- 4,044 SF
- Property type
- Retail properties
- APN
- 09-01-01-3-000-006-000
- APU
- 901013000006000
Description
This exceptional Dothan, AL industrial property offers 8,000 square feet of flexible space ideal for various businesses. Situated on a four-acre lot at 704 Murray Rd, near Ross Clark Circle, this property comprises two metal buildings. Building one provides approximately 4,000 square feet of warehouse/shop space, featuring three 12-foot and three 14-foot high roll-up doors. Building two offers approximately 2,000 square feet of shop space seamlessly integrated with 2,000 square feet of office space. An additional 600 square feet of upper-level space is available for storage or additional office use. The buildings boast a 16-foot eave height and six drive-in doors. The property is zoned H-I and features a total of 18,000 square feet under roof, with a minimum divisible space of 2,000 square feet and a maximum contiguous space of 4,000 square feet. Currently, 8,000 square feet is vacant. The property's convenient location, just 1300 feet from Ross Clark Circle, offers excellent accessibility. Ingram Equipment Company is a co-tenant. This Class C property presents a unique opportunity for businesses seeking versatile and well-located industrial space. The property includes a total of six drive-in doors and is situated on a four-acre lot (APN: 0901013000006000). The buildings are two stories high with a 19-foot ceiling height.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $740,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $720,000
- 6.5%
- $660,000
- 7%
- $680,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $630,000
- Geo Method
- $790,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $740,000
- Retail
- $750,000
- Mixed-Use
- $675,000
- Hospitality
- $810,000
- Educational
- $690,000
- Residential Income
- $635,000
- Energy
- $680,000
- Income-Based Land
- $680,000
- Food Service
- $650,000
Location Insight
- Map
- Local Demand
- City
- Dothan
- County
- Houston
- State
- Alabama
- Longitude
- -85.3985
- Latitude
- 31.2583
- CBSA code
- 20020
- CBSA name
- DOTHAN, AL METROPOLITAN STATISTICAL AREA
