1390 S. Forest Ave, Luverne, AL - Retail Center

1390 S Forest Ave, Luverne, AL 36049

  • For Sale $499,000
  • Property Type Retail - Strip
  • Property Size 4,800 SF
  • Units 4
  • Lot Size 0.36 Acre
  • Parking Spaces Avail. 22
  • Property Tenancy Multi-Tenant
  • Year Built 1993
  • Year Renovated 2024
  • Date Updated Jan 23, 2025
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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Attachments

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

Contacts

broker

NAI TALCOR

Location

Getting Around

  • 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

  • Sun Stop

    7.95 miles

  • Eagle Express

    8.01 miles

  • Old Gin Creek

    8.16 miles

  • McDonald's

    0.53 miles

  • Papa's

    7.96 miles

  • The Parlor

    7.98 miles

  • Lawhorn's Too

    8.00 miles

  • The Old Barn Restaurant

    9.76 miles

  • 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
broker

NAI TALCOR

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