Restaurant Building with
22288 Pine Street Robertsdale, AL 36567
New
22288 Pine Street, Robertsdale, AL, 36567
$750,000
For Sale
$750,000
Commercial building on approximately 1.6+ acres with B-2 zoning, featuring a longstanding restaurant and a second-floor apartment.
Property Size6,000 SF
Lot Size1.60 Acres
Price / SF$125
Days on Market4
Property Features for 22288 Pine Street
General Information
- Standard status
- Active
- Size
- 6,000 SF
- Lot size
- 1.60 Acres
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1950
Listing Agency
RE/MAX Paradise
(251) 948-8888
Listed by
Bob Shallow · License #13654-1
(251) 948-8888
Source
Exitrealty
Added: Jul 18 Updated: Jul 20 at 2:22 am Checked: Jul 20 at 2:22 am
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 RE/MAX Paradise
Investment Insights
Based on property information with market context.
This commercial property consists of a 6,000+ square foot building on approximately 1.6+ acres, currently serving as a restaurant that has operated for more than 30 years. The second floor includes an apartment, providing an additional residential component within the same structure.
The property is offered for sale with B-2 zoning and is described as having excellent visibility and accessibility in Robertsdale, Alabama. Its size and zoning support multiple practical uses and also offer redevelopment possibilities, subject to buyer due diligence.
Buyer should verify all information during due diligence, including suitability for intended uses under applicable regulations.
The property is offered for sale with B-2 zoning and is described as having excellent visibility and accessibility in Robertsdale, Alabama. Its size and zoning support multiple practical uses and also offer redevelopment possibilities, subject to buyer due diligence.
Buyer should verify all information during due diligence, including suitability for intended uses under applicable regulations.
Key Highlights
- Commercial building on approximately 1.6+ acres with B‑2 zoning
- 6,000+ SF commercial building built in 1950
- Longstanding restaurant on‑site for more than 30 years
Local Financial Insights For Apartment 5plus
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 | $93.6k | $15.60 |
| − Vacancy | −$4.7k | −$0.78 |
| EGI | $88.9k | $14.82 |
| − OpEx | −$40.0k | −$6.67 |
| NOI | $48.9k | $8.15 |
6,000 SF · lease $15.60/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Specialty Retail
$1.03M
$902.9K – $1.20M
NOI $72,233 @ 7.0% cap · market cap 9.63%
Second Best
Apartment 5plus
$698.7K
$611.3K – $815.1K
NOI $48,906 @ 7.0% cap · market cap 6.52%
Theoretical Best
Office A
$1.44M
$1.26M – $1.68M
NOI $101,002 @ 7.0% cap · market cap 13.47%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Mama Lou's Restaurant
Restaurant
Similar For Sale Nearby
Similar Off Market Nearby
- Public Buffet — 21862 AL-59 m, Robertsdale, AL 36567
FAQs
What type of property is this?
Conventional restaurant - Commercial building on approximately 1.6+ acres with B-2 zoning, featuring a longstanding restaurant and a second-floor apartment.
Where is this conventional restaurant located?
The property is located at 22288 Pine Street Robertsdale, AL.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Commercial building on approximately 1.6+ acres with B‑2 zoning; 6,000+ SF commercial building built in 1950; Longstanding restaurant on‑site for more than 30 years
