Turn-Key Lakeside Restaurant
2258 Highway 46 Shelby, AL 35143
2258 Highway 46, Shelby, AL, 35143
$550,000
For Sale
$550,000
Well-established restaurant with loyal customer base on Lay Lake.
Property Size3,208 SF
Price / SF$171.45
Days on Market313
Property Features for 2258 Highway 46
General Information
- Standard status
- Active
- Size
- 3,208 SF
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 2000
Listing Agency
Keller Williams Homewood
(205) 283-6391
Listed by
Jason Koenig · License #451468
(205) 283-6391
Source
Exitrealty
Added: Sep 8, 2025 Checked: Jul 16 at 6:47 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 Keller Williams Homewood
Investment Insights
Based on property information with market context.
This well-established neighborhood restaurant, situated on Lay Lake, offers a turn-key opportunity. Known for its extensive family dining menu and Southern hospitality, the restaurant features a warm, downhome atmosphere and a loyal customer base. The 3208 square foot property is a popular community gathering spot with strong repeat business. The sale includes a full kitchen and dining setup, pool tables, and a stage area for live entertainment. All equipment is included in the sale price, making this a ready-to-run business venue.
Key Highlights
- Turn‑key restaurant business with all equipment included.
- Prime lakeside location on Lay Lake.
- Well‑established with a loyal customer base and strong repeat business.
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 | $50.0k | $15.60 |
| − Vacancy | −$3.8k | −$1.17 |
| EGI | $46.3k | $14.43 |
| − OpEx | −$11.6k | −$3.61 |
| NOI | $34.7k | $10.82 |
3,208 SF · lease $15.60/SF/yr · vacancy 7.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$496.0K
$434.0K – $578.7K
NOI $34,719 @ 7.0% cap · market cap 6.31%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$753.0K
$658.9K – $878.5K
NOI $52,709 @ 7.0% cap · market cap 9.58%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Conventional restaurants
FAQs
What type of property is this?
Conventional restaurant - Well-established restaurant with loyal customer base on Lay Lake.
Where is this conventional restaurant located?
The property is located at 2258 Highway 46 Shelby, AL.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Turn‑key restaurant business with all equipment included.; Prime lakeside location on Lay Lake.; Well‑established with a loyal customer base and strong repeat business.
