Drive-Through Restaurant
For Sale
$129,000
1000 Ingersoll Drive, Phenix City, AL 36867
CommercialSale, Phenix City, AL
Property Size576 SF
Lot Size0.20 Acres
Price / SF$223.96
Days on Market62
Property Features for 1000 Ingersoll Drive
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
C-4
Parking
6
Parking features
Parking Lot
Lot features
Level
View
City
Directions
From US-80/280 intersection: Take US Hwy 280 East toward Columbus, Turn left on 11th street, with an immediate right on 280 bypass service road. Turn left on Ingersoll Drive, Property is the 1st building on the right.
Standard status
Active
Size
576 SF
Lot size
0.20 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
1459
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central, Heat Pump (Heating)
Cooling system
Central Air, Heat Pump, Electric
Water source
Public
Building Details
Year built
1974
Floors in Building
1
Flooring type
Concrete
Building materials
SyntheticStucco
Roof type
Asphalt, Metal
Listing Agency:
KW Realty River Cities · Keller Williams Realty
(334) 298-3900
Listed By:
Ty Niblack · License #000133037
(706) 577-1776
Added: Aug 14
Changed: Oct 13
Last Checked: Oct 14 at 1:06AM
MLS# E104661
Copyright © 2026 East Alabama Board of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 576-square-foot commercial building is configured for drive-through service and includes a restroom and pantry/storage area. Plumbing improvements include a three-compartment sink, handwashing sink, mop sink, and grease trap; the property also has a newer water heater and updated electrical. The building was constructed in 1974 and has concrete flooring, central electric/heat-pump heating and cooling, and a metal and asphalt roof.
The 0.2-acre parcel is in Phenix City, Alabama, just off the 280 bypass. C-4 zoning, a parking lot, and public water and sewer are among the property’s existing features. A covered drive-through and landscaping are also present.
The 0.2-acre parcel is in Phenix City, Alabama, just off the 280 bypass. C-4 zoning, a parking lot, and public water and sewer are among the property’s existing features. A covered drive-through and landscaping are also present.
Key Highlights
- 576‑square‑foot building on a 0.2‑acre parcel
- Covered drive‑through and on‑site parking lot
- Three‑compartment sink, handwashing sink, mop sink, and grease trap
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$6,357
Cap Rate
4.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$127,140
$127.1K
Cap Rate 7%
$90,814
$90.8K
Cap Rate 9%
$70,633
$70.6K
Market Conditions
NOI Build-Up for 576 SF
Gross rent
$9.2K $15.96/SF
− Vacancy
−$717 −$1.24/SF
EGI
$8.5K $14.72/SF
− OpEx
−$2.1K −$3.68/SF
NOI
$6.4K $11.04/SF
Area
Lee County, AL
Vacancy
7.80%
Lease Rate
$15.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$127,140
Cap Rate 7%
$90,814
Cap Rate 9%
$70,633
Alternative Uses
Best Use
Specialty Retail
$90.8K
$79.5K – $106.0K
NOI $6,357 @ 7.0% cap · market cap 4.93%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$140.5K
$122.9K – $163.9K
NOI $9,834 @ 7.0% cap · market cap 7.62%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
336
Businesses Nearby
140k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 65%
Shops & Services 20%
Groceries 11%
Hotels & Casinos 2%
McDonald's
Dining
21,962 visits/mo
0.4 miles
Burger King
Dining
21,433 visits/mo
0.5 miles
Piggly Wiggly
Groceries
15,405 visits/mo
0.3 miles
Krystal
Dining
13,575 visits/mo
0.1 miles
Wells Fargo
Shops & Services
11,712 visits/mo
0.2 miles
Demographics for 36867, AL
22,505
Population
10,782
Households
2.1
Avg Household Size
37
Median Age
28%
College-Educated
90%
High-School Grad
12.6 sq mi
ZIP Area
1,786
Density / Sq Mi
$46,847
Median Household Income
$36,035
Median Earnings
$963
Median Rent
$188,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Drive through restaurant - Compact food-service space with upgraded plumbing, a restroom, and dedicated storage.
Where is this drive through restaurant located?
The property is located at 1000 Ingersoll Drive Phenix City, AL.
What is the asking price?
The asking price for this property is $129,000.
What are key features of this property?
This property features: 576‑square‑foot building on a 0.2‑acre parcel; Covered drive‑through and on‑site parking lot; Three‑compartment sink, handwashing sink, mop sink, and grease trap
