Newly Redeveloped Mixed-Use Building
$3,264,000
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 (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: June 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:
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:
Total renovation scheduled for completion by June 2025
New Construction | Priced at $160/SF
20-year property tax abatement in place
Pro forma rent roll available upon request
Adjacent vacant buildings also available for sale
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
