Mexican Restaurant with
2504 US HIGHWAY 31, Decatur, AL 35603
For Sale
$1,349,900
Commercial Sale, DECATUR, AL
Property Size5,406 SF
Lot Size1.49 Acres
Price / SF$249.70
Days on Market650
Property Features for 2504 US HIGHWAY 31
General Information
Property type
Property subtype
Directions
Standard status
APN
Size
Lot size
Additional Details
Currently Operating
Utilities
Water source
Building Details
Floors in Building
Flooring type
Listing Agency:
A.H. Sothebys Int. Realty
(256) 799-9333
Listed By:
Rola Zuaiter · License AL #116457
(256) 655-2949
Added: Jan 31, 2025
Changed: Oct 29
Last Checked: Nov 11 at 9:06PM
MLS# 21879968
Copyright © 2026 ValleyMLS.Com,Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The 5,406-square-foot property at 2504 US Highway 31 in Decatur is described as a fully operating Mexican restaurant. Restaurant equipment, fixtures, and furnishings are included. Interior flooring includes carpet, vinyl, and tile, and the property has a public water source.
The restaurant occupies a 1.49-acre parcel in Morgan County, Alabama.
The restaurant occupies a 1.49-acre parcel in Morgan County, Alabama.
Key Highlights
- 5,406‑square‑foot restaurant on a 1.49‑acre parcel
- Sale includes restaurant equipment, fixtures, and furnishings
- Flooring includes carpet, vinyl, and tile
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
Location Intelligence
Trade Area within ½ mile
385
Businesses Nearby
563k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 27%
Dining 27%
Apparel 21%
Superstores 15%
Target
Superstores
84,108 visits/mo
0.2 miles
T.J. Maxx
Apparel
47,972 visits/mo
0.1 miles
Hobby Lobby
Shops & Services
38,532 visits/mo
0.1 miles
Kroger
Groceries
37,699 visits/mo
0.2 miles
Ross Dress for Less
Apparel
37,119 visits/mo
0.1 miles
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
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant furnishings and operating equipment are included with the sale.
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‑foot restaurant on a 1.49‑acre parcel; Sale includes restaurant equipment, fixtures, and furnishings; Flooring includes carpet, vinyl, and tile
