- For Sale $499,000
- Property Type Retail - Strip
- Property Size 4,800 SF
- Units 4
- Lot Size 0.36 Acre
- Additional Rent Contact for pricing
- Parking Spaces Avail. 22
- Property Tenancy Multi-Tenant
- Year Built 1993
- Year Renovated 2024
- Date Updated Dec 23, 2024
Located on US Hwy. 331 at 1390 S. Forest Ave, Luverne, ALInvestment Opportunity: This multi-tenant retail center with State Farm anchor tenant is located on high-traffic US Hwy. 331, with a 2023 AADT of 12,695 VPD. The building is approximately 4,800 sq. ft. with four +- 1,200 sq. ft. retail suites (75% occupancy). Positioned across from Ramey’s Marketplace and near AutoZone, Luverne Parks & Recreation, DG Market, McDonald's, Jack's, Roses and more.1,200 Sq. Ft. end-unit with pick up window on Hwy. 331 with great visibility, easy access and high traffic counts (12,695 VPD). Previously occupied by Subway and Fountain Bar & Grill, this versatile space is well-suited for restaurant, café, or retail use.
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Highlights
- Tenant Mix:
- Suite 1: Vape Shop - lease expires 3-31-27
- Suite 2: State Farm (long term anchor tenant) - expires 12-31-32 with rent increase
- Suite 3: Bill Henry's Wings - expires 7-31-26
- Suite 4: Newly vacant, available for lease at $12.50/sf/yr or suitable for new owner-occupancy. Previously leased by Subway and Fountain Bar & Grill. New HVAC unit installed 2024.
- Positioned along high-visibility corridor on US Hwy. 331 with easy access
- Proforma NOI at 100% occupancy: $47,875.70 with 9.6% Cap Rate
False
Contacts
Location
Getting Around
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Walk Score ®
44/100
Car-Dependent
-
Bike Score ®
34/100
Somewhat Bikeable
Powered by Walk Score ®
- City Luverne, AL
- Zip Code 36049
Points of Interest
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Sun Stop
7.95 miles
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Eagle Express
8.01 miles
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Old Gin Creek
8.16 miles
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McDonald's
0.53 miles
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Papa's
7.96 miles
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The Parlor
7.98 miles
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Lawhorn's Too
8.00 miles
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The Old Barn Restaurant
9.76 miles
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Dixieland
8.01 miles
Frequently Asked Questions
How much does 1390 S. Forest Ave, Luverne, AL - Retail Center cost?
The space currently listed for sale at 1390 S. Forest Ave, Luverne, AL - Retail Center asks for $499,000.
What is the total square footage of 1390 S. Forest Ave, Luverne, AL - Retail Center?
1390 S. Forest Ave, Luverne, AL - Retail Center totals 4,800 square feet.
When was this property built?
1390 S. Forest Ave, Luverne, AL - Retail Center was built in 1993.
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Contact Listing Broker
NAI TALCOR