Map of Property

Value-Add Multi-Tenant Retail Investment | 12% Pro Forma Cap Rate

For Sale

106 Blissett Drive, Dothan, AL 36301

This Dothan property for sale is located at 106 Blissett Drive. The current listed sale price for Value-Add Multi-Tenant Retail Investment | 12% Pro Forma Cap Rate is $550,000. Value-Add Multi-Tenant Retail Investment | 12% Pro Forma Cap Rate is situated on a lot that is 0.7 acre in size.

Contacts

Shannon Auty

NAI TALCOR

Property Details

  • Property Type Retail - Street Retail
  • Property Size 6,000 SF
  • Lot Size 0.7 Acre
  • Property Tenancy Multi-Tenant
  • Year Built 1978
  • Date Updated Oct 16, 2026
106-112 Blissett Dr, Dothan, AL 36301VALUE-ADD MULTI-TENANT RETAIL/OFFICE INVESTMENT OPPORTUNITY Investment opportunity located just off Ross Clark Circle in Dothan, Alabama. The property consists of four freestanding, single-story commercial buildings totaling approximately 6,000 SF on 0.7 acres. Each building contains approximately 1,500 SF. Three buildings are currently divided into two suites each. The property offers up to 8 potential rentable units, depending on configuration, suitable for a variety of professional offices, retail and service-oriented businesses. Two suites are currently occupied, paying $900/mo in rent each. The property has historically maintained occupancy of up to 7 out of 8 units before owner relocated, offering excellent income potential through leasing the remaining vacant spaces. Smaller suites have historically rented for approximately $900/month, while full-building configuration offers rental potential of $1,800/month. Recent capital improvements include new exterior siding (2021), roofs (2022) and multiple HVAC replacements (2021–2023). Conveniently located just off Ross Clark Circle (29,616 VPD, 2025 AADT), near US Highway 231 South and Prevatt Road. The property is less than one mile from Publix-anchored Cottonwood Corners Shopping Center and approximately 2.5 miles from Southeast Health Medical Center.
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Highlights

  • 4 Freestanding Retail/Office Buildings: ±1,500 SF each
  • Close proximity to US Hwy 231 S and Prevatt Road, less than 1-mile from Publix at Cottonwood Corners Shopping Center and approximately 2.5 miles from SE Health Medical Center
  • Existing Rental Income: Two occupied suites at $900/mo each, generating $21,600 annually under modified gross leases
  • Flexible Leasing Configurations: 3 buildings divided into two ±750 SF suites each, plus one full-building space of ±1,500 SF
  • Just off high-traffic Ross Clark Circle, with 29,616 vehicles per day (2025 AADT)
  • Pro Forma Financials: $65,788 projected NOI 12% pro forma cap rate
  • Projected Gross Rental Income: Up to $86,400 annually at full occupancy
  • Recent Capital Improvements: New siding (2021), roofs (2022) and multiple HVAC replacements (20212023)
  • Rental Rate Potential: Approximately $900/mo for individual suites or $1,800/month for full-building configurations
  • Up to 8 potential rentable units, with the ability to accommodate individual suites or combined full-building tenants
  • Value-Add Opportunity: Currently 25% occupied. Historically, 7 of the 8 units were occupied before owner relocated

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Location

  • City Dothan, AL
  • Zip Code 36301

Points of Interest

  • Chevron

    0.20 miles

  • Texaco

    0.41 miles

  • Petro

    0.67 miles

  • RaceWay

    0.69 miles

  • Flying J

    1.11 miles

  • Sunoco

    1.40 miles

  • Murphy USA

    1.54 miles

  • Dothan Supercharger

    1.93 miles

  • Shell

    2.06 miles

  • City of Dothan EV Charging Station

    2.45 miles

  • KFC

    0.14 miles

  • Pizza Hut

    0.35 miles

  • The Blue Plate

    0.44 miles

  • Papa John's

    0.55 miles

  • Goldfingers

    0.66 miles

  • McDonald's

    0.95 miles

  • Dunkin'

    1.05 miles

  • Little Caesars

    1.10 miles

  • Hardee's

    1.14 miles

  • Mia's Italian

    1.15 miles

  • Publix

    0.62 miles

  • South Oates Food Depot

    1.03 miles

  • Tienda Latina Guatemex

    1.24 miles

  • Walmart Supercenter

    1.58 miles

  • Piggly Wiggly

    1.70 miles

  • Winn-Dixie

    1.97 miles

  • Burlington

    3.90 miles

  • TJ Maxx

    4.57 miles

  • Big Lots

    4.60 miles

  • Plaza North Shopping Center

    4.72 miles

Contact Listing Broker
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