Luverne, AL Retail Properties & Spaces for Sale

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Rutledge, AL Glenwood, AL Goshen, AL Brantley, AL Honoraville, AL Dozier, AL Troy, AL Highland Home, AL

Updated: Dec 23, 2024

Retail Center on US Hwy 331

1390 S Forest Avenue, Luverne, AL 36049

$499,000

4,800 sqft 0.36 AC lot

Excellent 9% Cap Rate with NOI of $45,601.66
Anchor tenants include State Farm (leased through 12/31/32 with scheduled rent increase) and Hayne's Ambulance (leased through 11‑30‑28)
100% Occupied with a diverse tenant mix and staggered lease expiration dates
Located on US Hwy. 331 with 2023 AADT of 12,695 VPD
High‑traffic location across from Ramey's Marketplace and near other businesses and recreation

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Updated: Jun 21, 2024

Retail Space For Sale

1253 S Forest Ave, Luverne, AL 36049

$250,000

3,500 sqft

Built in 2008, this property offers relatively modern construction.

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Retail Building with Storage Space

852 S Forest Ave, Luverne, AL 36049

$249,900

3,520 sqft

Retail building featuring storage, office, and highway frontage.

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Based on your search, we've compiled 61 Potential Opportunities for your consideration. Besides 3 Active listings in Luverne, AL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 50 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Heavy Industrial Retail & Storage Building

700 US Highway 231, Troy, AL 36081

$1,100,000

2.85 AC lot

Zoned M2 heavy industrial with a 2008-built facility offering retail space plus storage and a loading dock.

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Free-Standing Dollar General Store

1509 Elba Highway, Troy, AL 36079

$2,106,489

9,100 sqft

Brand-new free-standing retail building offered with a guaranteed NNN lease featuring scheduled rent increases.

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Automotive Service and Storage Site

1869 Lee Street, Rutledge, AL 36071

$179,900

0.85 AC lot

Commercial land with storefront office layout, shop space with roll-up door, and a large sliding-door storage building for vehicle-ready operations.

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Commercial Land with Carwash Structure

W 3rd St Hwy 331, Rutledge, AL 36071

$175,000

2.00 AC lot

Commercial land with existing carwash structure in high-traffic area.

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Land Adjacent to E L Turner Jr Park

2 Ball Park Ln, Luverne, AL 36049

$125,000

1.00 AC lot

Commercial lot with high traffic and retail potential.

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Commercial Lot in Luverne, AL

1253 S Forest Ave, Luverne, AL 36049

$75,000

2.00 AC lot

Two-acre commercial lot near E L Turner Park.

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Highway 231 Acreage For Sale

Highway 231, Troy, AL 36081

$1,300,000

6.00 AC lot

Prime commercial land on Highway 231 in Troy, Alabama.

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Retail Property with Income Potential

1319 S Brundidge St, Troy, AL 36081

$2,200,000

8,800 sqft 14.00 AC lot

14-acre retail property with two buildings and highway frontage.

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Off-Market Properties in Luverne, AL

Consider similar Off-Market properties in Luverne, AL. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

RESTAURANT

149 Frst Ave, Luverne, AL 36049-1503

Value Estimation by Request

2,400 sqft

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RESTAURANT

665 Frst Ave, Luverne, AL 36049-1801

Value Estimation by Request

6,400 sqft

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GROCERY, SUPERMARKET

1297 Frst Ave, Luverne, AL 36049-7314

$620,000

Estimated value

27,400 sqft

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SERVICE SHOP (TV, ELECTRIC, PLUMBING)

Main St, Luverne, AL 36049

Value Estimation by Request

2,400 sqft 2.00 AC lot

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SERVICE SHOP (TV, ELECTRIC, PLUMBING)

1086 3rd St, Luverne, AL 36049-4512

Value Estimation by Request

1,200 sqft

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RESTAURANT

868 Frst Ave, Luverne, AL 36049-7016

Value Estimation by Request

1,814 sqft

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DRIVE-THRU RESTAURANT, FAST FOOD

742 Frst Ave, Luverne, AL 36049-7015

Value Estimation by Request

3,596 sqft

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FINANCIAL BUILDING

Luverne, AL 36049

Value Estimation by Request

4,502 sqft

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SERVICE SHOP (TV, ELECTRIC, PLUMBING)

3087 Ctr Rdg Rd, Luverne, AL 36049-6210

Value Estimation by Request

2,448 sqft 1.49 AC lot

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SERVICE SHOP (TV, ELECTRIC, PLUMBING)

Luverne, AL 36049

Value Estimation by Request

2,314 sqft

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RESTAURANT

765 Frst Ave, Luverne, AL 36049-7022

Value Estimation by Request

2,828 sqft

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SERVICE SHOP (TV, ELECTRIC, PLUMBING)

Luverne, AL 36049

Value Estimation by Request

3,750 sqft 1.40 AC lot

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SERVICE SHOP (TV, ELECTRIC, PLUMBING)

74 Legrand Ave, Luverne, AL 36049-1301

Value Estimation by Request

3,000 sqft

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RETAIL STORES (PERSONAL SERVICES)

Luverne, AL 36049

Value Estimation by Request

4,428 sqft

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RESTAURANT

602 Frst Ave, Luverne, AL 36049-1802

Value Estimation by Request

1,200 sqft

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RESTAURANT

1244 Frst Ave, Luverne, AL 36049-7315

Value Estimation by Request

4,330 sqft

View details

SERVICE SHOP (TV, ELECTRIC, PLUMBING)

26 Pickens St, Luverne, AL 36049

Value Estimation by Request

736 sqft

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SERVICE SHOP (TV, ELECTRIC, PLUMBING)

1710 Montgomery Hwy, Luverne, AL 36049-4500

$1,325,000

Estimated value

10,500 sqft

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Retail residential properties

1390 S Forest Ave | Luverne, AL 36049, Luverne, AL 36049

Value Estimation by Request

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Individual retail properties

1253 Forest Ave, Luverne, AL 36049

Value Estimation by Request

3,500 sqft 0.85 AC lot

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Individual retail properties

119 Forest Ave, Luverne, AL 36049

Value Estimation by Request

2,400 sqft

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Luverne, AL Retail Properties & Spaces Market Trends and Statistics

Explore 53 retail properties & spaces for sale in Luverne, AL, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 16,620 square feet of properties for sale, with an estimated market value of $1,497,900.

Sale prices for stores in Luverne, AL start at $249,900, averaging $374,475, and reaching up to $499,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Demographics Overview

Population 5,314

Population Growth (5Y) -12.4%

Median Household Income $53,073

College Educated 24.7%

High-Yield Neighborhoods for Investment

Identify Luverne submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
36049	$308K

Taxes & Financing

Tax Rate (average for all types) 4.05%

Property Tax per SF $29.96 per SF

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Crenshaw County

New Delisted

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Luverne, AL Retail Properties & Spaces for Sale

1390 S Forest Avenue, Luverne, AL 36049

1253 S Forest Ave, Luverne, AL 36049

852 S Forest Ave, Luverne, AL 36049

Opportunities in Nearby Cities

700 US Highway 231, Troy, AL 36081

1509 Elba Highway, Troy, AL 36079

1869 Lee Street, Rutledge, AL 36071

W 3rd St Hwy 331, Rutledge, AL 36071

Potential Development Sites for Consideration

2 Ball Park Ln, Luverne, AL 36049

1253 S Forest Ave, Luverne, AL 36049

Highway 231, Troy, AL 36081

1319 S Brundidge St, Troy, AL 36081

Off-Market Properties in Luverne, AL

149 Frst Ave, Luverne, AL 36049-1503

665 Frst Ave, Luverne, AL 36049-1801

1297 Frst Ave, Luverne, AL 36049-7314

Main St, Luverne, AL 36049

1086 3rd St, Luverne, AL 36049-4512

868 Frst Ave, Luverne, AL 36049-7016

742 Frst Ave, Luverne, AL 36049-7015

Luverne, AL 36049

3087 Ctr Rdg Rd, Luverne, AL 36049-6210

Luverne, AL 36049

765 Frst Ave, Luverne, AL 36049-7022

Luverne, AL 36049

74 Legrand Ave, Luverne, AL 36049-1301

Luverne, AL 36049

602 Frst Ave, Luverne, AL 36049-1802

1244 Frst Ave, Luverne, AL 36049-7315

26 Pickens St, Luverne, AL 36049

1710 Montgomery Hwy, Luverne, AL 36049-4500

1390 S Forest Ave | Luverne, AL 36049, Luverne, AL 36049

1253 Forest Ave, Luverne, AL 36049

119 Forest Ave, Luverne, AL 36049

Luverne, AL Retail Properties & Spaces Market Trends and Statistics

Top Commercial Asset Segments

Demographics Overview

High-Yield Neighborhoods for Investment

Taxes & Financing

Listings Trend

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