Retail or Turnkey Restaurant Opportunity, Luverne

742 S Forest Ave, Luverne, AL 36049

Property Information

  • For Lease $25.00/SF/YR
  • Property Type Retail - Street Retail
  • Property Size 3,596 SF
  • Lot Size 1.32 Acre
  • Property Tenancy Single Tenant
  • Year Built 1985
  • Date Updated Apr 21, 2026

Description

742 S. Forest Avenue is strategically located along one of Luverne’s primary commercial corridors, offering excellent visibility and accessibility. Forest Avenue (Highway 331) serves as a main thoroughfare through the city, connecting local residents and regional traffic. The property benefits from steady daily traffic counts, proximity to established retail and service businesses, and convenient access to downtown Luverne. This high-exposure location makes it ideal for retail, restaurant, or service-oriented users seeking strong community presence.This ±3,596 SF freestanding commercial building is a former fast food restaurant designed for efficient food service operations. The property features a functional drive-thru lane, existing kitchen infrastructure, and a layout well-suited for quick-service or fast-casual concepts. The building offers ample parking, prominent signage opportunities, and easy ingress/egress from Forest Avenue. Available for lease, the space provides an excellent opportunity for restaurant operators or other retail users to capitalize on an established location with built-in operational advantages. The adaptable floor plan also allows for conversion to a variety of commercial uses.

Highlights

  • ±3,596 SF freestanding commercial building
  • Available for lease
  • Built in 1985
  • Easy ingress/egress with ample on-site parking
  • Established commercial corridor with steady traffic
  • Flexible layout allows for multiple commercial uses
  • Former fast food restaurant with existing drive-thru
  • High visibility along Forest Avenue (Highway 331)
  • Ideal for QSR, fast-casual, coffee, or service-oriented businesses
  • Includes grease trap and furniture & fixtures
  • Property Highlights
  • Situated on ±1.32 acres
  • Strong frontage with excellent signage opportunities
  • Zoned B-3 – suitable for retail, restaurant, or service users

1 Space Available

Available

Space Type

Street Retail

Lease Rate

$25.00/SF/YR

Total Space

3,596 SF

Floor

1

Divisible Space

3,596 - 3,596 SF

Available Date

Immediate

Lease Type

NNN

Renewal Option

Yes

Sublease

No

Contacts

Vanessa Morris

NAI Chase Commercial

Location

Contact Listing Broker
Vanessa Morris

NAI Chase Commercial

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