Restaurant Property with
234 Lime Quarry Rd Madison, AL 35758
234 Lime Quarry Rd, Madison, AL, 35758
$800,000
For Sale
$800,000
Well-maintained diner on two lots with customer parking and a revenue-producing billboard, offered for sale.
Property Size3,924 SF
Price / SF$203.87
Days on Market510
Property Features for 234 Lime Quarry Rd
General Information
- Standard status
- Active
- Size
- 3,924 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 1978
Listing agency
SR4 Realty LLC
(256) 735-3932
Listed by
Kevin Rice · License #131679
(256) 735-3932
Source
Xome
Added: Feb 26, 2025 Updated: Jul 21 at 12:21AM Checked: Jul 21 at 3:04AM
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 SR4 Realty LLC
Investment Insights
Based on property information with market context.
This for-sale restaurant property is currently housing a well-established diner and includes two lots. The site is described as well maintained and provides customer parking for patrons. A revenue-producing billboard is also included on the property.
The address is 234 Lime Quarry Rd in Madison, AL 35758. Public remarks note the location is minutes from Toyota Field, I-65 and Downtown Huntsville.
For buyers seeking a single asset that combines an operating restaurant with additional revenue from on-site billboard signage, this configuration may be of interest.
The address is 234 Lime Quarry Rd in Madison, AL 35758. Public remarks note the location is minutes from Toyota Field, I-65 and Downtown Huntsville.
For buyers seeking a single asset that combines an operating restaurant with additional revenue from on-site billboard signage, this configuration may be of interest.
Key Highlights
- Well‑maintained commercial property built in 1978
- Currently operating as a diner with guest facilities listed as 3
- On two lots with 130 x 262 lot dimensions
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 | $75.3k | $19.20 |
| − Vacancy | −$2.3k | −$0.58 |
| EGI | $73.1k | $18.62 |
| − OpEx | −$18.3k | −$4.66 |
| NOI | $54.8k | $13.97 |
3,924 SF · lease $19.20/SF/yr · vacancy 3.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$783.0K
$685.1K – $913.5K
NOI $54,810 @ 7.0% cap · market cap 6.85%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.02M
$894.1K – $1.19M
NOI $71,527 @ 7.0% cap · market cap 8.94%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Little Libby's Catfish
Restaurant
Similar For Sale Nearby
FAQs
What type of property is this?
Breakfast & diner - Well-maintained diner on two lots with customer parking and a revenue-producing billboard, offered for sale.
Where is this breakfast & diner located?
The property is located at 234 Lime Quarry Rd Madison, AL.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: Well‑maintained commercial property built in 1978; Currently operating as a diner with guest facilities listed as 3; On two lots with 130 x 262 lot dimensions
