2261 Oates StDothan, AL 36301

Property Details for 2261 Oates St

Year built

1955

Lot size

0.24 AC

Property size (Sq ft)

1,536 SF

Property type

Retail properties

Property subtype

Retail space

APN

09-07-36-2-003-018-000

APU

907362003018000

Description

This exceptional investment opportunity presents a 1,536 square foot storefront located at 2261 S. Oates St, Dothan, Alabama, 36301. The property, built in 1955 and completely renovated in 2024, boasts a prime location just off the intersection of Highway 231 S and Ross Clark Circle, benefiting from high visibility and convenient access. Currently occupied by a tattoo shop under a Net Lease (NN+) agreement, the property offers a strong, stable income stream with a lease extending until February 27, 2027 (approximately 2.3 years remaining). The tenant, Lit Tattoo Co., enjoys a right of first refusal. The building features a spacious open layout, a newly renovated restroom, a rear storage area, and a new HVAC unit. Improvements include new flooring, paint, ceiling, and lighting. Seven parking spaces are available on-site, with additional parking located at the rear. The property sits on a one-acre lot and is zoned B-2. The asking price is $159,000, representing a compelling $103.52 per square foot and a 9.66% capitalization rate based on a Net Operating Income (NOI) of $15,360. Nearby businesses include RNR Tire Express, AutoZone, O'Reilly's, Flying J, Things & Wings, and Waffle House. This is a turnkey investment opportunity with a proven tenant and significant upside potential.

Location Insight

City

Dothan

County

Houston

State

Alabama

Latitude

31.1941

Longitude

-85.3995

CBSA code

20020

CBSA name

DOTHAN, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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