Restaurant and Bar with
For Sale
$429,999
11186 Al Highway 51, Opelika, AL 36804
Restaurant-ready building with bar, commercial kitchen infrastructure, customer seating, and outdoor dining improvements.
Property Size3,084 SF
Lot Size2.24 Acres
Price / SF$139.43
Days on Market48
Property Features for 11186 Al Highway 51
General Information
Standard status
Active
Size
3,084 SF
Lot size
2.24 Acres
Property subtype
Commercial
Site & Location
Traffic Count
5,000 vehicles/day
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Restaurant
Commercial Hood
Yes
Patio
Yes
Additional Details
Sprinkler System
Yes
Amenities
Covered porch entrance
ceiling fans
Wall mounted TV's
Building Details
Year Built
1930
Buildings
1
Listing Agency:
CAST AND KEY REALTY LLC
Listed By:
Stephanie Cannon · License #111077843
(334) 703-2810
Source:
Threesixtyforsale
Added: Aug 28
Changed: Oct 2
Last Checked: Oct 11 at 3:39AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CAST AND KEY REALTY LLC
Investment Insights
Based on property information with market context.
This conventional restaurant property includes an approximately 3,084-square-foot building on approximately 2.24 acres. The improvements feature a covered porch entrance, customer seating with tables, chairs, and booths, a full handmade stained-pine bar, ceiling fans, wall-mounted TVs, and a 16-by-36-foot outdoor patio. Recent work includes new paint and updated wiring and outlets.
The kitchen area contains stainless steel preparation surfaces, a stainless steel-walled room, a commercial-grade vented hood, and fire suppression equipment. A sprinkler system is also installed. The property fronts AL Highway 51 just south of Whatleys Crossroads, with reported traffic counts of approximately 5,000 and access within 20 minutes of Auburn, Phenix City, and I-85 North.
The kitchen area contains stainless steel preparation surfaces, a stainless steel-walled room, a commercial-grade vented hood, and fire suppression equipment. A sprinkler system is also installed. The property fronts AL Highway 51 just south of Whatleys Crossroads, with reported traffic counts of approximately 5,000 and access within 20 minutes of Auburn, Phenix City, and I-85 North.
Key Highlights
- Approximately 3,084 SF building on approximately 2.24 acres
- Restaurant and bar setup with tables, chairs, booths, and a full handmade stained‑pine bar
- Commercial‑grade vented hood, fire suppression, and stainless steel kitchen areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,036
Cap Rate
7.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$680,720
$680.7K
Cap Rate 7%
$486,229
$486.2K
Cap Rate 9%
$378,178
$378.2K
Market Conditions
NOI Build-Up for 3,084 SF
Gross rent
$49.2K $15.96/SF
− Vacancy
−$3.8K −$1.24/SF
EGI
$45.4K $14.72/SF
− OpEx
−$11.3K −$3.68/SF
NOI
$34.0K $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%
$680,720
Cap Rate 7%
$486,229
Cap Rate 9%
$378,178
Alternative Uses
Best Use
Specialty Retail
$486.2K
$425.5K – $567.3K
NOI $34,036 @ 7.0% cap · market cap 7.92%
Second Best
Industrial
$203.2K
$177.8K – $237.0K
NOI $14,222 @ 7.0% cap · market cap 3.31%
Theoretical Best
Office A
$752.2K
$658.2K – $877.5K
NOI $52,652 @ 7.0% cap · market cap 12.24%
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
5,000 VPD
Traffic count
Yes
Sprinkler system
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Yes
Commercial hood
Location Intelligence
Trade Area within ½ mile
12
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 36804, AL
20,687
Population
8,515
Households
2.4
Avg Household Size
39
Median Age
32%
College-Educated
86%
High-School Grad
197.2 sq mi
ZIP Area
105
Density / Sq Mi
$57,842
Median Household Income
$42,942
Median Earnings
$802
Median Rent
$178,100
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
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant-ready building with bar, commercial kitchen infrastructure, customer seating, and outdoor dining improvements.
Where is this conventional restaurant located?
The property is located at 11186 Al Highway 51 Opelika, AL.
What is the asking price?
The asking price for this property is $429,999.
What are key features of this property?
This property features: Approximately 3,084 SF building on approximately 2.24 acres; Restaurant and bar setup with tables, chairs, booths, and a full handmade stained‑pine bar; Commercial‑grade vented hood, fire suppression, and stainless steel kitchen areas
