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1390 S Forest Avenue Luverne, AL $ 506,685
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$ 506,685 Get more info
1390 S Forest Avenue
$ 506,685
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1390 S Forest Avenue

Luverne, AL, 36049
$ 506,685
Bedrooms-- Baths-- Sq 4,800

Monthly Estimate*

$ 3,161

1390 S Forest Avenue, Luverne, AL 36049 - Image 1
1390 S Forest Avenue, Luverne, AL 36049 - Image 2
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1390 S Forest Avenue, Luverne, AL 36049 - Image 8
1390 S Forest Avenue, Luverne, AL 36049 - Image 9
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Commercial Property for sale in Luverne, AL

for $506,685. 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 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.

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Commercial Active

Price

$ 506,685

Property Type

Commercial

Taxes

$ 3,198

Style

Commercial

Lot Size

0.36

Year Built

1993

Town/City

Luverne

County/Region

Crenshaw

MLS | Web ID

202004
Features
General
Sewer Public Sewer
Heating Forced Air
Cooling Central Air
Roof Metal
Construction Materials Masonry
Exclusions N
Year Built 1993
Electric Other-See Remarks 220 Volts
Stories Count 1
Property Subtype Commercial
Tax Year 2023
Parcel Number 1503051000018000
Waterfront Features No Waterfront
Accessibility ADA Accessible Not Handicap Accessible
Business Name Hayne's Ambulance State Farm
County Crenshaw
New Construction N
Property Type Commercial Sale
HOA N
Attached Garage N
Garage Y/N N
Building Features Restrooms-Private Restrooms-Public
Status Active
Directions 1390 S. Forest Ave Luverne AL 36049
City Luverne
MLS Area Other
Lot Size Units Square Feet
Lot Size Square Feet 15681.6
Carport Y/N N
Tax Annual Amount 3198
Showing Instructions Occupied Lockbox
Home Warranty Y/N N
Virtual Tour tour.usamls.net/1390-S-Forest-Avenue-Luverne-AL-36049/unbranded
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Occupancy Type Tenant
Legal Description LOT IN SE OF NE/4 BEG NE COR OF FORTY TH W 210' S590' TO POB
Freehold IDX BBO
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Exterior
Lot Features Road Frontage
Water Source Public City
Total Parking 22
Lot Size Area 15681.6
Number of Buildings 1
Spa N
Building Area Total 4800
Lot Size Acres 0.36
Waterfront Y/N N
Road Frontage Type Highway
Crops Included Y/N N
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Interior
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
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* Excluded Features
List By
Shannon Auty

Listing Agent

Nai Talcor

Broker

sauty@talcor.com

Email

Affordability Calculator

$3,428
Per Month
92%
8%
0%
Monthly Principal & Interest
$3,161
Monthly Property Taxes
$267
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% 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 $506,685 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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