About This Home
This 0-bedroom, 0-bathroom commercial at 1390 S Forest Avenue in Luverne, AL is listed for $499,000. Built in 1993, on a 0.36 acres lot.
Key Features
- Built in 1993
- 0.36 acre lot
Property Details
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.
Monthly Cost Estimate
$2,669/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
1390 S Forest Avenue
Luverne, AL 36049
Questions & Answers
This 0-bedroom, 0-bathroom commercial at 1390 S Forest Avenue is listed at $499,000. The estimated monthly payment is $2,669 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1993, 0.36 acre lot.
This property is listed by Shannon Auty and can be reached at 3344061161.