Turnkey Restaurant Opportunity on Highway
22272 AL 59 Robertsdale, AL 36567
22272 AL 59, Robertsdale, AL, 36567
$1,500,000
For Sale
$1,500,000
3,744 SF OPERATING TURN KEY RESTAURANT FOR SALE
Property Size3,744 SF
Lot Size0.41 Acres
Price / SF$400.64
Days on Market525
Property Features for 22272 AL 59
General Information
- Standard status
- Active
- Property type
- Restaurants, Other retail properties, Individual retail properties, Retail properties & Spaces
- Size
- 3,744 SF
- Total Parking Spaces
- 25
- Elevators
- N/A
- Lot size
- 0.41 Acres
Building Details
- Year Built
- 1965
- Buildings
- 1
- Stories
- 2
Listing Office
(850) 564-0120
Listed by
Paul
(850) 564-0120
Added: Feb 7, 2025 Checked: Mar 16 at 9:06 am
Investment Insights
Based on property information with market context.
This is an exceptional opportunity to acquire a turnkey restaurant in Robertsdale, Alabama. The established eatery, known as the Warehouse Restaurant, has a 4+ star rating across Google and Facebook, based on over 400 reviews, and has operated successfully for five years. The 3,744 square foot, two-story building sits on a 0.41-acre corner lot with frontage on Highway 59 and Carolina Street. The location benefits from 12,288 average daily traffic counts and proximity to I-10 and the Gulf of Mexico. The main floor encompasses 2,000 square feet of dining space seating 72 patrons, along with a fully equipped commercial kitchen featuring three fryers, six freezers, six coolers, a char grill, and more. All dining room furniture and kitchen equipment are included in the sale, along with approximately $8,000 worth of existing inventory and a profitable oil recycling contract. A detailed equipment list is available upon request. The 1,744 square foot unfinished attic space on the second floor presents expansion potential. The property includes ample paved parking, city sewer, heating and air conditioning, and a metal roof. Currently operating only for lunch, five days a week, this restaurant offers growth potential. This sale includes both the business and the building.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $63.8k | $17.04 |
| − Vacancy | −$3.7k | −$0.99 |
| EGI | $60.1k | $16.05 |
| − OpEx | −$15.0k | −$4.01 |
| NOI | $45.1k | $12.04 |
3,744 SF · lease $17.04/SF/yr · vacancy 5.80% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$643.9K
$563.4K – $751.2K
NOI $45,073 @ 7.0% cap · market cap 3.00%
Second Best
Retail
$575.5K
$503.6K – $671.5K
NOI $40,287 @ 7.0% cap · market cap 2.69%
Theoretical Best
Office A
$900.4K
$787.8K – $1.05M
NOI $63,025 @ 7.0% cap · market cap 4.20%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Retail properties & Spaces
Similar For Sale Nearby
FAQs
What type of property is this?
Restaurant - 3,744 SF OPERATING TURN KEY RESTAURANT FOR SALE
Where is this restaurant located?
The property is located at 22272 AL 59 Robertsdale, AL.
What is the asking price?
The asking price for this property is $1,500,000.
