Turnkey Restaurant in Dothan,
For Sale
$3,295,000
1708 westgate parkway, Dothan, AL 36303
1708 West Gate | 6,700 SF Freestanding Restaurant For Sale
Property Size9,329 SF
Lot Size2.44 Acres
Price / SF$353.20
Days on Market611
Property Features for 1708 westgate parkway
General Information
Standard status
Active
Property type
Restaurants, Other retail properties, Individual retail properties, Retail properties & Spaces
Size
9,329 SF
Net Rentable
6,700 SF
Elevators
N/A
Lot size
2.44 Acres
Building Details
Year Built
2019
Buildings
1
Stories
1
Listed By:
Paul Salter
(850) 564-0120
Added: Feb 10, 2025
Changed: Mar 16
Investment Insights
Based on property information with market context.
This 6,700 square foot freestanding restaurant is located at 1708 Westgate Parkway in Dothan, Alabama. Built in 2019, the property sits on a 2.44-acre lot and has a total building size of 9,329 square feet. The restaurant features a convenient pick-up window, adding to its operational efficiency. A recently added bar room enhances the space's versatility. This second-generation restaurant is in turnkey condition, meaning it's ready for immediate occupancy and operation. The property's excellent condition and prime location in Dothan make it an attractive investment opportunity. The property is categorized as a restaurant, and also falls under the broader categories of other retail properties, individual retail properties, and retail properties. The property's size and features make it suitable for a variety of restaurant concepts.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$97,605
Cap Rate
2.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,952,100
$2.0M
Cap Rate 7%
$1,394,357
$1.4M
Cap Rate 9%
$1,084,500
$1.1M
Market Conditions
NOI Build-Up for 9,329 SF
Gross rent
$139.9K $15.00/SF
− Vacancy
−$9.8K −$1.05/SF
EGI
$130.1K $13.95/SF
− OpEx
−$32.5K −$3.49/SF
NOI
$97.6K $10.46/SF
Area
Houston County, AL
Vacancy
7.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,952,100
Cap Rate 7%
$1,394,357
Cap Rate 9%
$1,084,500
Alternative Uses
Best Use
Specialty Retail
$1.39M
$1.22M – $1.63M
NOI $97,605 @ 7.0% cap · market cap 2.96%
Second Best
Retail
$929.0K
$812.9K – $1.08M
NOI $65,029 @ 7.0% cap · market cap 1.97%
Theoretical Best
Healthcare Medical
$1.65M
$1.44M – $1.92M
NOI $115,423 @ 7.0% cap · market cap 3.50%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
33
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 36303, AL
31,080
Population
14,622
Households
2.1
Avg Household Size
39
Median Age
28%
College-Educated
88%
High-School Grad
58.9 sq mi
ZIP Area
528
Density / Sq Mi
$53,006
Median Household Income
$34,504
Median Earnings
$855
Median Rent
$175,600
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?
Restaurant - 1708 West Gate | 6,700 SF Freestanding Restaurant For Sale
Where is this restaurant located?
The property is located at 1708 westgate parkway Dothan, AL.
What is the asking price?
The asking price for this property is $3,295,000.
