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

For Sale

1390 S Forest Ave, Luverne, AL 36049

This Luverne property for sale is located at 1390 S Forest Ave. The current listed sale price for 1390 S. Forest Ave, Luverne, AL - Retail Center is $499,000. 1390 S. Forest Ave, Luverne, AL - Retail Center is situated on a lot that is 0.36 acre in size.

Contacts

broker
Shannon Auty

NAI TALCOR

Property Details

  • 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

Getting around

  • 44/100

    Walk Score ®

  • 34/100

    Bike Score ®

Powered by Walk Score ®

Location

  • 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

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Shannon Auty

NAI TALCOR