251 Kelley DrDothan, AL 36303

Property Details for 251 Kelley Dr

Year built

1982

Lot size

1.75 AC

Property size (Sq ft)

13,000 SF

Property type

Outlet malls

APN

10-04-20-3-001-001-000

APU

1004203001001000

Description

This exceptional 13,000 square foot commercial building is strategically located in Dothan, Alabama, near the newly developing Amazon distribution facility. The property sits on a 1.79-acre lot and offers a versatile layout ideal for a variety of businesses. The building boasts multiple offices, a spacious conference/training room, and a smaller reception area, providing ample space for administrative functions and client interaction. Efficient logistics are ensured with two loading docks featuring roll-up doors, and a convenient drive-in access to the warehouse via another roll-up door. Beyond the main building, approximately 1,680 square feet of covered equipment storage is available on a concrete slab, offering additional protection for valuable assets. A fully fenced laydown yard provides secure outdoor storage space. This property presents a unique opportunity to establish a thriving business in a rapidly growing area, benefiting from the increased traffic and economic activity generated by the nearby Amazon facility. The asking price is $725,000. This is a rare opportunity to acquire a well-equipped and strategically positioned commercial property in a high-growth market.

• CAP approach

  CAP return

  Valuation

  6%

  $1,701,380

  6.5%

  $1,570,510

  7%

  $1,458,330

• Comparable approach

  Method

  Valuation

  Relative Method

  $961,137

  Geo Method

  $961,137

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $3,283,820

  Mixed-Use / Specialty

  $1,475,530

  Hospitality / Lodging

  $966,185

  Office

  $1,373,670

  Institutional / Educational

  $1,502,010

  Residential Income

  $1,757,360

  Multifamily

  $2,603,170

  Automotive / Energy

  $1,287,440

  Parking / Income-Based Land

  $532,582

  Restaurant / Food Service

  $576,688

  Healthcare / Senior Housing

  $1,604,780

Location Insight

City

Dothan

County

Houston

State

Alabama

Latitude

31.2196

Longitude

-85.3583

CBSA code

20020

CBSA name

DOTHAN, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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