Newly Redeveloped Mixed-Use Building

Address: 151 W. Main Street, Dothan, AL 36301. Situated between S. Oates Street and S. Foster Street with frontage on W. Main Street.Beautifully redeveloped 20,400 SF mixed-use building located in the heart of downtown Dothan on W. Main Street. This unique project features: Ground Floor Retail (Shell Condition / 6 spaces, 1 Leased): Spacious storefronts with an alleyway, striking iron gates at the front and rear entrances and enhanced security features - ready for tenant customization. Second-Floor Luxury Apartments: Seven upscale residential units, including a mix of 1-bed/1-bath and 2-bed/2-bath layouts, designed for modern living with premium finishes. On-Site Amenities: Elegant apartment lobby, resident lounge, fitness center and secure entryways to elevate the tenant experience. Key Highlights: ✔ Total renovation scheduled for completion by June 2025 ✔ New Construction | Priced at $160/SF ✔ 20-year property tax abatement in place ✔ Pro forma rent roll available upon request ✔ Adjacent vacant buildings also available for sale ✔ Strong city support for continued downtown revitalization La Strada is fully positioned for lease-up and income generation — an exceptional downtown asset ready to deliver long-term value.Introducing La Strada: A brand new mixed-use redevelopment in the heart of downtown Dothan. Phase I features 5,875 sq. ft. of premier, first-generation retail space on the ground floor with 7 luxury apartments on the top floor. Choose from 5 unique customizable retail spaces, including Main Street storefronts or charming alleyway suites, each offering significant visibility and exposure. Versatile and customizable suites with alfresco dining and outdoor seating options - perfect for shops, cafes and restaurants needing the flexibilty to tailor their own space. A dedicated retail alleyway will seamlessly connect Main Street to the rear parking lot with access to S. Oates and S. Foster Street, enhancing accessibility and increasing foot traffic for both customers and tenants. The building's close proximity to Foster Street, featuring the entrance to the new Porter Park (gateway to the new city center developments) adds to its appeal. Downtown Dothan is undergoing substantial transformation to include a new amphitheater, opera house enhancements, new Wiregrass Arts & Innovation Center, green spaces, hotel and mixed-use developments, and a new Main Street roundabout. With 2023 traffic counts of 26,525 VPD on W. Main Street and projected population and economic growth, this location offers a prime opportunity to create a personalized business space in a vibrant downtown setting. Retailers and tenants can take full advantage of the luxury residential units being developed for the top floors, tapping into an affluent customer base and benefiting from increased foot traffic and community engagement. This unique and dynamic environment provides an ideal platform for retailers to establish a prominent presence in the heart of the city.