Restaurant Bar Redevelopment
7904 Memorial Parkway South Huntsville, AL 35802
7904 Memorial Parkway South, Huntsville, AL, 35802
$595,000
For Sale
$595,000
Restaurant/bar property offered for sale with 100 feet of frontage on South Memorial Parkway and light industrial zoning.
Property Size2,925 SF
Price / SF$203.42
Days on Market1357
Property Features for 7904 Memorial Parkway South
General Information
- Standard status
- Active
- Size
- 2,925 SF
- Property subtype
- Commercial
Listing agency
Russ Russell Real Estate
(256) 536-7777
Listed by
Russ Russell · License #25965
(256) 536-7777
Source
Alabamaland
Added: Nov 3, 2022 Updated: Jul 20 at 3:49AM Checked: Jul 20 at 3:49AM
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 Russ Russell Real Estate
Investment Insights
Based on property information with market context.
A restaurant/bar property is available for sale, positioned as a redevelopment site. The offering includes a total property size of 2,925 square feet.
The site features 100 feet of frontage on 0.59 acres along South Memorial Parkway South in Huntsville, Alabama, in a high-traffic location. The property is zoned Light Industry, providing flexibility for compatible redevelopment plans.
For parties evaluating conversion or redevelopment, this site’s frontage and Light Industry zoning are central considerations.
The site features 100 feet of frontage on 0.59 acres along South Memorial Parkway South in Huntsville, Alabama, in a high-traffic location. The property is zoned Light Industry, providing flexibility for compatible redevelopment plans.
For parties evaluating conversion or redevelopment, this site’s frontage and Light Industry zoning are central considerations.
Key Highlights
- Restaurant/bar for sale
- 100' of frontage on South Memorial Parkway
- .59‑acre site size
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 | $56.2k | $19.20 |
| − Vacancy | −$1.7k | −$0.58 |
| EGI | $54.5k | $18.62 |
| − OpEx | −$13.6k | −$4.66 |
| NOI | $40.9k | $13.97 |
2,925 SF · lease $19.20/SF/yr · vacancy 3.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$583.7K
$510.7K – $680.9K
NOI $40,856 @ 7.0% cap · market cap 6.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$761.7K
$666.5K – $888.6K
NOI $53,317 @ 7.0% cap · market cap 8.96%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Conventional restaurants
Similar For Sale Nearby
FAQs
What type of property is this?
Conventional restaurant - Restaurant/bar property offered for sale with 100 feet of frontage on South Memorial Parkway and light industrial zoning.
Where is this conventional restaurant located?
The property is located at 7904 Memorial Parkway South Huntsville, AL.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Restaurant/bar for sale; 100' of frontage on South Memorial Parkway; .59‑acre site size
