191 N Foster St
Dothan, AL 36303
The Colby Building and/or Bella's Fine Dining · Retail Property For Sale

The historical three-level Colby Building dominates the corner of N. Foster and W. Troy street and was the original J.C.Penney's department store built in 1937. Best known for Bella's Fine Dining & Ballroom, this building has undergone a complete remodeling over the last decade that feels exclusive, elegant and modern; yet holds on to its historic charm.
- Downtown Dothan is undergoing several improvements and new additions to the city center, some of which to include: a new amphitheater, opera house enhancements, hotel & mixed-use developments, a new Wiregrass arts & innovation center and more. The new city center has been approved for redevelopment and is highly anticipated. The projects will be completed in phases over the next few years which will drive much more traffic and consumers to the area.
- The main entrance to The Colby Building is on popular Foster Street, encompassed by beautiful glass doors and windows, along with an outdoor seating area. Through these glass doors is Bella's Ballroom (6,299 SF) a high-end event venue that can accomodate 300 people and is equipped with a full kitchen, stage-video wall, and additional seating on the mezzanine level. The mezzanine level features a private Bridal Suite with 3 total rooms and a bathroom.
- The Colby Building is also home to Dothan's only premier fine dining restaurant. Bella's Fine Dining. Bella's business can be purchased for $461,000 and comes fully furnished with all inventory and equipment. Private entrance on W. Troy street leading into 5,192 SF of restaurant space to include a deli, 2 full bars, 2 private rooms, an extravagent dining room, a full kitchen and 1st & 2nd level seating. Bella’s Fine Dining is a local favorite, and has been voted Best of the Wiregrass Italian Restaurant for 7 consecutive years. Included with the restaurant is the Speak Easy (2,848 SF) with 2 private rooms - the Bourbon & Wine room. This turn-key restaurant can seat 130 customers and is being offered with all furniture, fixtures, equipment, decor, inventory, the website, a loyal customer base, and more. Bella’s Fine Dining currently has over 430 Google reviews with an average rating of 4.4.
- The 3rd level features The Colby Suites (6,945 SF) 22 offices ranging from 100-400 SF in size with its own private entrance on W. Troy St.
Much of the original signage, flooring and vintage glass partitions have been preserved and still beautifully kept in place. The top level also includes a private owner’s suite of 2,289 SF with a spacious office, living room, kitchen, 2 bedrooms, 2 bathrooms, a sauna and workout room.
Last but not least, Bella’s Rooftop Bar is soon to be developed and has been approved by the city of Dothan. This is an excellent addition to the multiple streams of income this property currently generates.