758 W. Main St, Dothan, AL | 2 occupied buildings
758 W. Main St, Dothan, AL
Marketing description
2 buildings on 0.32-acre lot located on the NE corner of W. Main Street and Montana Street.
Building 1 (758 W. Main St): ±1,000 SF retail building leased to Alabama Title Loans. Current lease expires May 31, 2026 with one (1) renewal option through May 31, 2031. Tenant is paying gross rent of $1,130.80/month, with rent increase to $1,243.80 upon renewal.
Building 2 (102 Montana St): ±2,000 SF metal building leased to a single tenant operating a car wash and barber shop. Month-to-month lease at $600/month.
Value-Add Opportunity: The rear metal building offers flexibility for redevelopment or repositioning, with additional upside potential upon expiration of the retail building lease. The property is situated on a strong corner lot in close proximity to several major downtown developments, including the new City Hall, Porter Park Events Plaza, Wiregrass Innovation Center, Opera House, and other ongoing improvements.
Investment highlights
- 2 buildings on ±0.32-acre corner lot at W. Main St and Montana St (NE corner)
- Building 1 (758 W. Main St): ±1,000 SF retail building leased to Alabama Title Loans
- Building 2 (102 Montana St): ±2,000 SF metal building leased to car wash/barber shop
- Total Gross Income: $20,769.60 annually | $22,125.60 upon renewal
- Redevelopment or repositioning potential
- Strong corner location with good visibility and access
- Located between the Shell Station and Houston County Career Academy
- Across from Jack’s and near Porter Square Mall shopping center
- Traffic Counts: 26,518 vehicles per day (2024 AADT) on W. Main St
- Proximity to Downtown Developments: New City Hall, Porter Park Events Plaza, Wiregrass Innovation Center, Opera House, and other ongoing improvements
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