Newly Redeveloped Mixed-Use Building
$2,900,000
151 W Main St, Dothan, AL 36301
20,400 sqft
Building Size
1.1 acres
Lot Area
Details:
Highlights:
- Ground Floor: 6 Retail shell spaces (one leased) with retail alleyway, iron gates at front & rear, enhanced security features
- Second Floor: 7 luxury apartments (3 leased) 1 bed/1 bath & 2 bed/2 bath units
- Apartment Amenities: Lobby, lounge, private gym, self-serve 'convenience store' and secure access, enhanced security on-site
- Expected Completion: September 2025
- Incentives: 20-year property tax abatement and strong city support
- Tenant Readiness: Ready for retail and residential tenants with 1 tenant currently in place
- Financials: Rent roll pro forma available upon request
- Purchase Options: Property can be purchased alone or as a portfolio with adjacent vacant buildings
- +- 150 feet from the Dothan City Center redevelopment projects and additions
- Shared parking lot in rear +-70 spaces | undivided ownership interest
- 2 miles from SE Health Medical Center - largest emoployer in area serving the tri-state region
- 2023 AADT: 25,565 VPD
Description:
Beautifully redeveloped 20,400 SF mixed-use building located in the heart of downtown Dothan on W. Main Street. This unique project features:
Ground Floor Retail (Shell Condition / 6 spaces, 1 Leased):
Spacious storefronts with an alleyway, striking iron gates at the front and rear entrances and enhanced security features - ready for tenant customization.
Second-Floor Luxury Apartments (3 leased):
Seven upscale residential units, including a mix of 1-bed/1-bath and 2-bed/2-bath layouts, designed for modern living with premium finishes.
On-Site Amenities:
Elegant apartment lobby, resident lounge, fitness center and secure entryways to elevate the tenant experience.
Key Highlights:
Completed August 2025
New Construction | Priced at $142/SF
20-year property tax abatement in place
Pro forma rent roll available upon request
Adjacent vacant building also available for sale for expansion/redevelopment
Strong city support for continued downtown revitalization
La Strada is fully positioned for lease-up and income generation — an exceptional downtown asset ready to deliver long-term value.
Address: 151 W. Main Street, Dothan, AL 36301. Situated between S. Oates Street and S. Foster Street with frontage on W. Main Street.
5 Spaces Available
151 W. Main Street Unknown Sub Type
Retail Suite #10, 10, 1 Street Retail
Main Street storefront next to Cherry & Irwin with optional alleyway space (1,547 SF - 1,675 SF)
Retail Suite #20, 20, 1 Street Retail
Middle Alleyway Suite with additional alleyway space available (1,187 SF -1,340 SF)
Retail Suite #30, 30, 1 Street Retail
End unit with additional alleyway space available (1,238 SF - 1,414 SF)
Retail Suite #50, 50, 1 Street Retail
Internal unit next to Apartment Lobby
Documents:
| Title | ||
|---|---|---|
| La Strada Retail Brochure | ||
| La Strada - Retail Lease Flyer | ||
| 151_W._Main_St__Dothan_-_Sale_Flyer.pdf |
Location
Gallery
