156 Foster StDothan, AL 36303

Property Details for 156 Foster St

Year built

1900

Lot size

0.07 AC

Property size (Sq ft)

3,322 SF

Property type

Retail properties

Property subtype

Retail space

APN

09-06-24-1-200-011-000

APU

906241200011000

Description

This exceptional mixed-use storefront property, located at 156 North Foster Street in Dothan, Alabama, presents a unique investment opportunity. The 3,200 square foot building boasts a thoughtfully designed layout across two stories. The ground floor features an open plan ideal for retail, complete with built-in sales counters, a kitchenette, restrooms, and ample storage space. A significant advantage is the city-granted easement on the rear lot, allowing for the construction of a public deck overlooking a soon-to-be-developed green space, part of the City Center Project and Opera House Renovations. This promises increased foot traffic and visibility. Upstairs, the second floor offers versatile flex space, perfect for office use or additional retail space, a private office or bedroom, and a full bathroom with a shower. The entire building underwent a complete renovation in 2008, ensuring modern functionality and aesthetics. The asking price is $495,000, translating to $154.69 per square foot. The property is situated across from KBC, providing excellent visibility and accessibility. Prospective buyers are responsible for conducting their own due diligence regarding property condition. This is a rare opportunity to acquire a well-maintained, strategically located property in a thriving area of Dothan. The zip code is 36303.

• CAP approach

  CAP return

  Valuation

  6%

  $493,244

  6.5%

  $455,302

  7%

  $422,780

• Comparable approach

  Method

  Valuation

  Relative Method

  $595,126

  Geo Method

  $595,126

• Alternative Use

  Use

  Valuation

  Residential

  $384,064

  Hospitality

  $351,801

  Educational

  $292,694

  Medical

  $302,760

  Retail

  $455,302

Location Insight

City

Dothan

County

Houston

State

Alabama

Latitude

31.2245

Longitude

-85.3919

CBSA code

20020

CBSA name

DOTHAN, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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