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    1390 S Forest Avenue Luverne, AL $ 499,000
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    $ 499,000 Get more info
    1390 S Forest Avenue
    $ 499,000
    Back to search
    Share Save

    1390 S Forest Avenue

    Luverne, AL, 36049
    $ 499,000
    Bedrooms-- Baths-- Sq 4,800

    Monthly Estimate*

    $ 3,317

    1390 S Forest Avenue, Luverne, AL 36049 - Image 1
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    Commercial Property for sale in Luverne, AL

    for $499,000. This 4,800 square foot building was built in 1993 on a lot size of 0.36.

    This multi-tenant retail center with State Farm anchor tenant (credit-rated) is located on high-traffic 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 (75% occupancy). 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 (Vape Shop) with a lease expiring 3/31/2027, Suite 2 (long-term anchor tenant State Farm) leased through 12/31/2032 with scheduled rent increase, and Suite 3 (Bill Henry's Wings) with a lease expiring 7/31/2026. Suite 4 is newly vacant and available for a new tenant at $1,250/mo or ideal for owner-user - previously occupied by Subway and Fountain Bar & Grill, with a new HVAC installed in 2024. This sale offers a proforma NOI of $47,875.70 at full occupancy and a 9.6% cap rate.

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    Commercial Active

    Price

    $ 499,000

    Property Type

    Commercial

    Taxes

    $ 0

    Style

    Commercial Sale

    Lot Size

    0.36

    Year Built

    1993

    Town/City

    Luverne

    County/Region

    Crenshaw

    MLS | Web ID

    202004
    Features
    General
    Sewer Public Sewer
    Water Public
    Status Active Active
    Year Built 1993
    Subdivision N/A
    Stories 1
    County Crenshaw
    Area Other
    Number of Buildings 1
    City Luverne
    Listing Type Commercial Sale
    Exterior
    Appx Acreage 0.36
    Waterfront Property No Waterfront
    Internal Only
    OriginalMLSID 202004
    * Excluded Features
    List By
    Shannon Auty

    Listing Agent

    Nai Talcor

    Broker

    sauty@talcor.com

    Email

    Affordability Calculator

    $3,317
    Per Month
    100%
    0%
    0%
    Monthly Principal & Interest
    $3,317
    Monthly Property Taxes
    --
    Monthly Home Insurance
    --
    Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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    Nearby
    2542157 Elementary School
    2541992 Middle School
    Unknown High School High School
    See complete school information
    Pricing History
    DatePricePrice ChangeDescription
    12/23/2024$499,000 Listed Price

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    1390 S Forest Avenue, Luverne, AL, 36049 is a Commercial Property for sale at $499,000 with 4,800 sqft and a lot size of 0.36. 1390 S Forest Avenue was built in 1993. The property's zip code is 36049 which is in Luverne, AL

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