Mexican Restaurant with
For Sale
$1,349,900
2504 US Highway 31, Decatur, AL 35603
The operating business includes its restaurant equipment, fixtures, and furnishings.
Property Size5,406 SF
Price / SF$249.70
Days on Market639
Property Features for 2504 US Highway 31
General Information
Standard status
Active
Size
5,406 SF
Property subtype
COMMERCIAL
Additional Details
Furnished
Yes
Business Included
Yes
Equipment Included
Yes
Currently Operating
Yes
Building Details
Building Size
5,406 SF
Listing Agency:
A.H. Sothebys Int. Realty
Listed By:
Rola Zuaiter · License #116457
(256) 655-2949
Source:
Intownpartners
Added: Jan 31, 2025
Changed: Oct 27
Last Checked: Oct 27 at 4:40AM
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 A.H. Sothebys Int. Realty
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Investment Insights
Based on property information with market context.
An operating Mexican restaurant is offered with 5,406 square feet of space. Restaurant equipment, fixtures, and furnishings are included in the sale, supporting continued restaurant use or a change in concept.
The property is located at 2504 US Highway 31 in Decatur, Alabama.
The property is located at 2504 US Highway 31 in Decatur, Alabama.
Key Highlights
- 5,406 square feet of restaurant space
- Sale includes restaurant equipment, fixtures, and furnishings
- Operating Mexican restaurant at 2504 US Highway 31 in Decatur, Alabama
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,310
Cap Rate
4.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,206,200
$1.2M
Cap Rate 7%
$861,571
$861.6K
Cap Rate 9%
$670,111
$670.1K
Market Conditions
NOI Build-Up for 5,406 SF
Gross rent
$86.3K $15.96/SF
− Vacancy
−$5.9K −$1.09/SF
EGI
$80.4K $14.87/SF
− OpEx
−$20.1K −$3.72/SF
NOI
$60.3K $11.16/SF
Area
Morgan County, AL
Vacancy
6.80%
Lease Rate
$15.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,206,200
Cap Rate 7%
$861,571
Cap Rate 9%
$670,111
Alternative Uses
Best Use
Specialty Retail
$861.6K
$753.9K – $1.01M
NOI $60,310 @ 7.0% cap · market cap 4.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.12M
$984.1K – $1.31M
NOI $78,729 @ 7.0% cap · market cap 5.83%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
25
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 35603, AL
32,380
Population
14,509
Households
2.2
Avg Household Size
42
Median Age
29%
College-Educated
91%
High-School Grad
71.0 sq mi
ZIP Area
456
Density / Sq Mi
$78,237
Median Household Income
$47,458
Median Earnings
$857
Median Rent
$235,600
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
Frequently Asked Questions
What type of property is this?
Conventional restaurant - The operating business includes its restaurant equipment, fixtures, and furnishings.
Where is this conventional restaurant located?
The property is located at 2504 US Highway 31 Decatur, AL.
What is the asking price?
The asking price for this property is $1,349,900.
What are key features of this property?
This property features: 5,406 square feet of restaurant space; Sale includes restaurant equipment, fixtures, and furnishings; Operating Mexican restaurant at 2504 US Highway 31 in Decatur, Alabama
