The median home value in Luverne, AL is $126,200.
This is
higher than
the county median home value of $112,000.
The national median home value is $338,100.
The average price of homes sold in Luverne, AL is $126,200.
Approximately 46.41% of Luverne homes are owned,
compared to 27.51% rented, while
26.08% are vacant.
Luverne real estate listings include condos, townhomes, and single family homes for sale.
Commercial properties are also available.
If you see a property you’re interested in, contact a Luverne real estate agent to arrange a tour today!
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.
