2185 Reeves StDothan, AL 36303

Property Details for 2185 Reeves St

Year built

1973

Lot size

8.57 AC

Property size (Sq ft)

106,672 SF

Property type

Retail properties

Property subtype

Retail space

APN

09-01-12-1-000-008-000

APU

901121000008000

Description

This exceptional retail outlot opportunity is situated in Dothan, Alabama, at the highly visible corner of Ross Clark Circle and Reeves Street, boasting over 52,000 vehicles passing daily. Located directly in front of a thriving Rural King store, this 1.25-acre parcel benefits from its strategic placement between two main store entrances. The site enjoys exceptional visibility and accessibility, with Ross Clark Circle seeing 30,124 vehicles per day and Reeves Street recording 22,159. The surrounding area is densely populated, with a strong regional trade area encompassing over 58,000 residents and 42,000 employees within a 5-mile radius. This presents a unique chance to establish a business in a high-demand location. While the outlot is subject to a 100-foot building setback and use restrictions, including limitations on restaurants serving meat sandwiches, further details regarding these restrictions are available upon request. This prime location offers significant potential for a variety of commercial ventures. The property is located at 2185 Reeves Street, Dothan, AL 36303, in Houston County. This is a rare opportunity to secure a prominent retail presence in a thriving market.

• CAP approach

  CAP return

  Valuation

  6%

  $15,838,435

  6.5%

  $14,620,094

  7%

  $13,575,802

• Comparable approach

  Method

  Valuation

  Relative Method

  $19,109,948

  Geo Method

  $19,109,948

• Alternative Use

  Use

  Valuation

  Residential

  $12,332,597

  Hospitality

  $11,296,592

  Educational

  $9,398,632

  Medical

  $9,721,865

  Retail

  $14,620,094

Location Insight

City

Dothan

County

Houston

State

Alabama

Latitude

31.2547

Longitude

-85.3901

CBSA code

20020

CBSA name

DOTHAN, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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