# 1390 S Forest Avenue, Luverne, AL 36049 > **TL;DR:** commercial, $499,000, built 1993. Est. $2,669/mo. Listed 675 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $499,000 | | Year Built | 1993 | | Lot Size | 15,682 sqft (0.36 acres) | | Stories | 1 | | Property Type | Commercial (Other) | | Status | Active | | Days on Market | 675 | ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $2,523 | | Estimated Insurance | $146 | | **Total** | **$2,669** | ## Property Highlights - Built in 1993 - 0.36 acre lot ## Description ### Agent Description This multi-tenant retail center with State Farm and Hayne's Ambulance anchor tenants is located on US Hwy. 331 in Luverne, AL. 2023 AADT of 12,695 VPD. The building is approximately 4,800 sq. ft. with four +- 1,200 sq. ft. retail suites (100% occupied). Positioned across from Ramey's Marketplace and near AutoZone, Luverne Parks & Recreation, DG Market, McDonald's, Jack's, Roses and more. Diverse tenant mix: Suite 1 (Hayne's Ambulance) leased through 11-30-28, Suite 2 (long-term anchor tenant State Farm) leased through 12/31/32 with scheduled rent increase, Suite 3 (GLG Sandwich Shop) leased through 10-31-28, Suite 4 (Smash Foods) leased through 12-31-28, with a new HVAC installed in 2024. This sale offers a 9% cap rate with NOI of $45,601.66. ## Location - **Address:** 1390 S Forest Avenue, Luverne, AL 36049 - **County:** Crenshaw - **Coordinates:** 31.69743281, -86.26651788 - **Google Maps:** https://www.google.com/maps?q=31.69743281,-86.26651788 ## Virtual Tour & Media - **Video Tour:** tour.usamls.net/1390-S-Forest-Avenue-Luverne-AL-36049/unbranded ## Listing Agent - **Name:** Shannon Auty - **Brokerage:** TALCOR ALABAMA, LLC dba NAI Whatley - **Broker Phone:** 3346998000 - **Listing URL:** [View original listing](http://www.usamls.net/dothan/?mls_number=202004&content=expanded&this_format=0) ## Photos ![1390 S Forest Avenue - Photo 1](http://lh.rdcpix.com/1884b6f8b39e92360b36f3b2c437c9f1l-f3074768361r.jpg) ![1390 S Forest Avenue - Photo 2](http://lh.rdcpix.com/1884b6f8b39e92360b36f3b2c437c9f1l-f1004349322r.jpg) ![1390 S Forest Avenue - Photo 3](http://lh.rdcpix.com/1884b6f8b39e92360b36f3b2c437c9f1l-f1696987627r.jpg) ![1390 S Forest Avenue - Photo 4](http://lh.rdcpix.com/1884b6f8b39e92360b36f3b2c437c9f1l-f2359695705r.jpg) ![1390 S Forest Avenue - Photo 5](http://lh.rdcpix.com/1884b6f8b39e92360b36f3b2c437c9f1l-f2347269491r.jpg) ![1390 S Forest Avenue - Photo 6](http://lh.rdcpix.com/1884b6f8b39e92360b36f3b2c437c9f1l-f873153401r.jpg) ![1390 S Forest Avenue - Photo 7](http://lh.rdcpix.com/1884b6f8b39e92360b36f3b2c437c9f1l-f2843254954r.jpg) ![1390 S Forest Avenue - Photo 8](http://lh.rdcpix.com/1884b6f8b39e92360b36f3b2c437c9f1l-f1119282707r.jpg) ![1390 S Forest Avenue - Photo 9](http://lh.rdcpix.com/1884b6f8b39e92360b36f3b2c437c9f1l-f3102126202r.jpg) --- **MLS#:** 202004 | **Updated:** 2026-10-19 **Source:** listhub *Copyright © 2026 Southeast Alabama Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.* [View on PropertySimple](https://www.propertysimple.ai/listing/1390-s-forest-avenue-luverne-al-36049-e10cea91b2a84ed0926ee109b4dcd1b6) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://www.propertysimple.ai/listing/1390-s-forest-avenue-luverne-al-36049-e10cea91b2a84ed0926ee109b4dcd1b6#listing", "url": "https://www.propertysimple.ai/listing/1390-s-forest-avenue-luverne-al-36049-e10cea91b2a84ed0926ee109b4dcd1b6", "name": "1390 S Forest Avenue, Luverne, AL 36049", "description": "This multi-tenant retail center with State Farm and Hayne's Ambulance anchor tenants is located on US Hwy. 331 in Luverne, AL. 2023 AADT of 12,695 VPD. The building is approximately 4,800 sq. ft. with four +- 1,200 sq. ft. retail suites (100% occupied). Positioned across from Ramey's Marketplace and near AutoZone, Luverne Parks & Recreation, DG Market, McDonald's, Jack's, Roses and more. Diverse tenant mix: Suite 1 (Hayne's Ambulance) leased through 11-30-28, Suite 2 (long-term anchor tenant State Farm) leased through 12/31/32 with scheduled rent increase, Suite 3 (GLG Sandwich Shop) leased through 10-31-28, Suite 4 (Smash Foods) leased through 12-31-28, with a new HVAC installed in 2024. 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