491 Fob James Dr - Restaurant FOR SALE


Valley, AL 36854
$1,490,000 USD
404-285-8102
491 Fob James Dr, Valley, AL for Sale
$1,490,000 USD
Restaurant - FOR SALE
1/18
null | Request Cap Rate

491 Fob James Dr
Valley, AL 36854


HIGHLIGHTS

  • 12,299 VPD Fob James , 40,000+ VPD 1-85
  • Building built in 2016, Drive Thru, Great additional space that can be used for covered outdoor patio/bar area
  • In an opportunity zone
  • Adjacent to successful, above average existing Zaxby's, apartments, and a new planned residential development
  • Adjacent to Sportsplex (5 Baseball fields, Soccer fields, Track, Stadium field, Indoor swimming, and Tennis courts)
  • Additional 2.3AC available adjacent

OVERVIEW

This is a great opportunity to put your brand in this recently built former Steak 'n Shake. Owner operates a successful restaurant next door, this (like many other Steak 'n Shake nationwide) location was closed due to a brand issue. It is in great condition and ready for another restaurant to move in and thrive. Ownership has priced the land and building at a conservative number in order to make this opportunity more attractive to a redevelopment/ rebranding buyer. Call for a tour through the space. Unique to this Steak 'n Shake there is a 1,000 sq ft seating area with glass roll ups that would make an awesome seasonal seating area or bar for a new concept.

FOR SALE DETAILS

PRICE

$1,490,000 USD

PRICE/SF

$288 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Vacant Drive Thru Steak 'n Shake Restaurant

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Drug Store, Freestanding, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2016

SPRINKLERS

-

PARKING SPACES

88

LAND DETAILS

LAND ACRES

1.84 AC

LAND SF

80,150 SF

ZONING

B2

APN/PARCEL ID

17-06-14-0-001-001.008

ASK ABOUT THIS PROPERTY

Benjamin CarterCarter Legacy LandsMore Info
404-285-8102

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Benjamin CarterCarter Legacy LandsMore Info
404-285-8102

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.