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    Luverne, AL
    Strip Mall

    Luverne, AL Strip Malls for Sale

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    Rutledge, AL Goshen, AL Glenwood, AL Brantley, AL Dozier, AL Grady, AL Greenville, AL Honoraville, AL
    Multi-Tenant Retail Center
    Updated: Dec 23, 2024
    Multi-Tenant Retail Center

    1390 S Forest Avenue, Luverne, AL 36049

    $499,000
    0.36 AC lot
    Approximately 4,800‑square‑foot retail center with four suites of roughly 1,200 square feet each
    100% occupied by State Farm, Hayne's Ambulance, GLG Sandwich Shop, and Smash Foods
    US Hwy. 331 frontage with 2023 AADT of 12,695 VPD
    State Farm lease runs through 12/31/32 with a scheduled rent increase
    Smash Foods suite received a new HVAC system in 2024
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    Occupied Multi-Tenant Strip Mall
    Updated: Feb 18
    Occupied Multi-Tenant Strip Mall

    1390 S Forest Ave, Luverne, AL 36049

    $506,685
    4,800 sqft
    Approximately 4,800 sq. ft. across four retail suites of roughly 1,200 sq. ft. each
    100% occupied with Haynes Ambulance, State Farm, Between the Rye Sandwich Shop, and Smash Mouth Foods
    Frontage on US Hwy 331 with 2023 AADT of 12,695 VPD
    Across from Ramey’s Marketplace and near AutoZone, DG Market, McDonald's, Jack's, and Roses
    Modified Gross Leases with expirations from 11‑30‑28 to 12‑31‑32
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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 6 Potential Opportunities for your consideration. Besides 2 Active listings in Luverne, AL, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

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

    Retail Strip Mall For Sale
    Retail Strip Mall For Sale

    301 W. Inez Road, Dothan, AL 36301

    Contact for pricing
    23,674 sqft

    Retail strip mall with available suites in Dothan, Alabama.

    View details
    Highly Visible Corner Redevelopment Land
    Highly Visible Corner Redevelopment Land

    5822 W Main Street, Dothan, AL 36303

    $2,600,000
    3.50 AC lot

    Redevelopment site on a highly visible corner with frontage on W Main Street and Brannon Stand Road.

    View details
    Commercial Land with Retail Buildings
    Commercial Land with Retail Buildings

    1319 S Brundidge St, Troy, AL 36081

    Contact for pricing
    12,250 sqft 14.00 AC lot

    14+/- acres with two retail buildings and highway frontage.

    View details
    Strip Mall with Two Retail Buildings
    Strip Mall with Two Retail Buildings

    1319 S Brundidge St, Troy, AL 36081

    $2,200,000
    14.00 AC lot

    14+/- acres zoned C4 & R2 with two retail strip buildings occupied by multiple tenants and public utilities available.

    View details

    Luverne, AL Strip Malls Market Trends and Statistics

    Explore 2 strip malls for sale in Luverne, AL on our real estate platform. These investment opportunities span a total of 4,800 square feet of properties for sale, with an estimated market value of $1,005,685.

    Sale prices for retail strips in Luverne, AL start at $499,000, averaging $502,842, and reaching up to $506,685 — 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

    Shopping centers 1
    Storefront properties 1

    Demographics Overview

    Population 5,314
    Population Growth (5Y) -12.4%
    Median Household Income $53,073
    College Educated 24.7%

    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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