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    Former Restaurant on Highway 59 Title is generated by Realmo AI

    4600 S Hickory, Loxley, AL

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    Restaurant with equipment and furniture included in sale.

    Type:RETAIL
    Property size:
    3,243 SF
    Lot size:
    0.26 Acres
    Price / SF:
    $168/SF
    Added:
    Apr 7, 2025
    Days on Market:
    433
    Last Refresh:
    May 20 at 8:23 pm

    Property Features for 4600 S Hickory

    General Information

    Standard status
    Active
    Size
    3,243 SF
    Lot size
    0.26 Acres
    Property subtype
    RETAIL

    We can help!

    Listing Contact
    Colby Herrington, CCIM
    Colby Herrington, CCIM

    Listing agent Colby Herrington, CCIM License #71902

    Listing office Herrington Realty, Inc

    Listing date Apr 7, 2025

    Source Moodyscre

    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 Herrington Realty, Inc

    HighLights

    • High visibility location on Hwy 59.
    • Includes all restaurant equipment and furniture.
    • Former Sea & Steak Restaurant.
    • Staple of the community.
    • Located in Loxley, AL.
    • For sale.

    Overview

    Located on Highway 59 in Loxley, Alabama, the former Sea & Steak Restaurant is available for sale. The sale includes all equipment and furniture. The property offers high visibility from Highway 59 and has been a staple of the community. The property size is 3243 square feet. Intended use of the property is for restaurants, retail, or as a turn key restaurant. Buyer to verify square footage.

    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 $55.3k $17.04
    − Vacancy −$3.2k −$0.99
    EGI $52.1k $16.05
    − OpEx −$13.0k −$4.01
    NOI $39.0k $12.04
    3,243 SF · lease $17.04/SF/yr · vacancy 5.80% · expense 25.00%

    Alternative Uses

    Best Use
    Specialty Retail
    $557.7K
    $488.0K – $650.7K (±1% cap)
    NOI $39,042 @ 7.0% cap · market cap 7.16%
    Second Best
    Retail
    $498.5K
    $436.2K – $581.6K (±1% cap)
    NOI $34,896 @ 7.0% cap · market cap 6.40%
    Theoretical Best
    Office A
    $779.9K
    $682.4K – $909.9K (±1% cap)
    NOI $54,591 @ 7.0% cap · market cap 10.02%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Sea & Steak Restaurant Restaurant

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Loxley
    County
    Baldwin
    State
    Alabama
    Longitude
    -87.7526
    Latitude
    30.6132

    FAQs

    What type of property is this?
    Restaurant - Restaurant with equipment and furniture included in sale.
    Where is this restaurant located?
    The property is located at 4600 S Hickory Loxley, AL.
    What is the asking price?
    The asking price for this property is $545,000.
    What are key features of this property?
    This property features: High visibility location on Hwy 59.; Includes all restaurant equipment and furniture.; Former Sea & Steak Restaurant.
    (251) 490-6995 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Colby Herrington, CCIM
    Colby Herrington, CCIM
    Real Estate License ID: 71902
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