3421 Ross Clark CirDothan, AL 36303

Property Details for 3421 Ross Clark Cir

Year built

1997

Lot size

1.89 AC

Property size (Sq ft)

5,256 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

09-02-10-3-010-015-006

APU

902103010015006

Description

This 5,296 square foot vacant restaurant building, situated on a 1.88-acre lot in Dothan, Alabama, presents a unique investment opportunity. Located on Ross Clark Circle, a major thoroughfare with an annual daily traffic count exceeding 31,591 vehicles, the property benefits from high visibility and accessibility. The building, originally constructed in 1997 and extensively renovated in 2018, boasts a modern interior featuring new flooring, updated wiring and lighting, a modernized kitchen with 95% new equipment, and upgraded HVAC systems, hoods, and fire suppression. Additional improvements include new digital message boards, menu displays, and point-of-sale systems, as well as private dining spaces with movable partitions. The property's location on "Restaurant Row" places it among established national chains like Longhorn Steakhouse, Cracker Barrel, IHOP, and others, ensuring high foot traffic and brand recognition. Its proximity to major retail centers, including the Shops on the Circle, Northside Mall, and Wiregrass Commons Mall, further enhances its appeal. The property includes a convenient drive-thru and ample parking. This turnkey restaurant is ready for immediate occupancy and offers significant potential for a new owner or operator seeking to capitalize on Dothan's thriving retail market. The asking price is $1,800,000.

• CAP approach

  CAP return

  Valuation

  6%

  $780,400

  6.5%

  $720,369

  7%

  $668,914

• Comparable approach

  Method

  Valuation

  Relative Method

  $941,596

  Geo Method

  $941,596

• Alternative Use

  Use

  Valuation

  Residential

  $607,658

  Hospitality

  $556,612

  Educational

  $463,094

  Medical

  $479,021

  Retail

  $720,369

Location Insight

City

Dothan

County

Houston

State

Alabama

Latitude

31.2451

Longitude

-85.4298

CBSA code

20020

CBSA name

DOTHAN, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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