Restaurant with Smoker
New
For Sale
$319,000
105 County Road 89, Fort Payne, AL 35967
Business Opportunity, Fort Payne, AL
Property Size2,816 SF
Lot Size0.56 Acres
Price / SF$113.28
Days on Market2
Property Features for 105 County Road 89
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1
Parking features
Parking Lot
Exterior features
Lighting
Subdivision
Metes And Bounds
Lot features
High Visibility
Directions
From Fort Payne- Turn Right At Five Points On To County Road 89 Towards Dogtown. Property Is On Right Before You Get To The 89/176 Intersection Where Dogtown Furniture Is At.
Standard status
Active
APN
2603070000010.003
Size
2,816 SF
Lot size
0.56 Acres
Utilities
Sewer type
Septic Tank
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
spacious office
walk-in cooler
dedicated smoker room
double-door smoker
Building Details
Floors in Building
1
Flooring type
Concrete, Wood
Listing Agency:
Matlock Realty Group - B'ham
Listed By:
Kayla Baugh · License #129300
(256) 224-8165
Added: Oct 21
Last Checked: Oct 22 at 1:06AM
MLS# 21932246
Copyright © 2026 ValleyMLS.Com,Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This restaurant property contains 2,816 square feet on a 0.56-acre parcel. Interior features include a spacious office, a large walk-in cooler, and a separate smoker room with a double-door smoker. Concrete and wood flooring, central heating and air conditioning, lighting, and two bathrooms are also present.
The property is at 105 County Road 89 in Fort Payne, Alabama. On-site parking is provided by a parking lot. Water service is public, and the property uses a septic tank for sewer service.
The property is at 105 County Road 89 in Fort Payne, Alabama. On-site parking is provided by a parking lot. Water service is public, and the property uses a septic tank for sewer service.
Key Highlights
- 2,816‑square‑foot restaurant property on 0.56 acres
- Separate smoker room with a double‑door smoker
- Large walk‑in cooler and spacious office
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,388
Cap Rate
2.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$187,760
$187.8K
Cap Rate 7%
$134,114
$134.1K
Cap Rate 9%
$104,311
$104.3K
Market Conditions
NOI Build-Up for 2,816 SF
Gross rent
$14.2K $5.04/SF
− Vacancy
−$781 −$0.28/SF
EGI
$13.4K $4.76/SF
− OpEx
−$4.0K −$1.43/SF
NOI
$9.4K $3.33/SF
Area
DeKalb County, AL
Vacancy
5.50%
Lease Rate
$5.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$187,760
Cap Rate 7%
$134,114
Cap Rate 9%
$104,311
Alternative Uses
Best Use
Specialty Retail
$444.0K
$388.5K – $518.0K
NOI $31,078 @ 7.0% cap · market cap 9.74%
Second Best
Industrial
$134.1K
$117.4K – $156.5K
NOI $9,388 @ 7.0% cap · market cap 2.94%
Theoretical Best
Healthcare Medical
$453.7K
$397.0K – $529.3K
NOI $31,756 @ 7.0% cap · market cap 9.95%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
19
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 35967, AL
17,233
Population
7,825
Households
2.2
Avg Household Size
37
Median Age
16%
College-Educated
81%
High-School Grad
127.0 sq mi
ZIP Area
136
Density / Sq Mi
$48,125
Median Household Income
$32,051
Median Earnings
$678
Median Rent
$155,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Dedicated food-preparation areas include a walk-in cooler and a room equipped with a double-door smoker.
Where is this conventional restaurant located?
The property is located at 105 County Road 89 Fort Payne, AL.
What is the asking price?
The asking price for this property is $319,000.
What are key features of this property?
This property features: 2,816‑square‑foot restaurant property on 0.56 acres; Separate smoker room with a double‑door smoker; Large walk‑in cooler and spacious office
