Remodeled Restaurant with
New
For Sale
$600,000
228 Battle W Street, Talladega, AL 35160
Remodeled restaurant featuring a commercial kitchen, office, restrooms, storage, and additional basement space.
Property Size3,550 SF
Price / SF$169.01
Days on Market4
Property Features for 228 Battle W Street
General Information
Standard status
Active
Size
3,550 SF
Property subtype
Commercial/Industrial
Additional Details
Business Included
Yes
Equipment Included
Yes
Amenities
office area
his & her bathrooms
storage space
basement area
Building Details
Year Built
1900
Listing Agency:
ERA King Real Estate - Pell City
(256) 493-4950
Listed By:
Donna Haynes · License #17025
(256) 493-4950
Source:
Exitrealty
Added: Jul 30
Changed: Aug 2
Last Checked: Aug 2 at 6:22AM
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 ERA King Real Estate - Pell City
Investment Insights
Based on property information with market context.
Ray’s Lounge is a 3,550 sq ft restaurant property with renovations completed to meet current codes. The interior includes a commercial kitchen equipped for restaurant operations, an office, separate men’s and women’s bathrooms, and dedicated storage. A basement adds another area within the building for storage or other property-supported uses.
Built in 1900, the property is located at 228 Battle W Street in Historic Downtown Talladega. On-site parking is available, providing convenience for visitors and staff. The existing restaurant configuration combines front- and back-of-house components in a single venue, with the basement and parking expanding the overall functional layout.
Built in 1900, the property is located at 228 Battle W Street in Historic Downtown Talladega. On-site parking is available, providing convenience for visitors and staff. The existing restaurant configuration combines front- and back-of-house components in a single venue, with the basement and parking expanding the overall functional layout.
Key Highlights
- 3,550 sq ft restaurant property
- Renovations completed to meet current codes
- Commercial kitchen with restaurant equipment
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 | $49.8k | $14.04 |
| − Vacancy | −$2.9k | −$0.81 |
| EGI | $47.0k | $13.23 |
| − OpEx | −$11.7k | −$3.31 |
| NOI | $35.2k | $9.92 |
3,550 SF · lease $14.04/SF/yr · vacancy 5.80% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$503.0K
$440.2K – $586.9K
NOI $35,213 @ 7.0% cap · market cap 5.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$726.1K
$635.4K – $847.2K
NOI $50,829 @ 7.0% cap · market cap 8.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
469
Businesses Nearby
22k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 87%
Shops & Services 13%
Piggly Wiggly
Groceries
19,505 visits/mo
0.4 miles
Regions Bank
Shops & Services
2,991 visits/mo
0.5 miles
Demographics for 35160, AL
27,074
Population
13,147
Households
2.1
Avg Household Size
42
Median Age
16%
College-Educated
81%
High-School Grad
332.7 sq mi
ZIP Area
81
Density / Sq Mi
$50,007
Median Household Income
$32,821
Median Earnings
$772
Median Rent
$129,300
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Remodeled restaurant featuring a commercial kitchen, office, restrooms, storage, and additional basement space.
Where is this conventional restaurant located?
The property is located at 228 Battle W Street Talladega, AL.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: 3,550 sq ft restaurant property; Renovations completed to meet current codes; Commercial kitchen with restaurant equipment
