Established Restaurant with Event
307 N Montgomery Ave Sheffield, AL 35660
307 N Montgomery Ave, Sheffield, AL, 35660
$925,000
For Sale
$925,000
Restaurant with fixtures and equipment included in downtown Sheffield.
Property Size6,000 SF
Price / SF$154.17
Days on Market170
Property Features for 307 N Montgomery Ave
General Information
- Standard status
- Active
- Size
- 6,000 SF
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1952
Listing Agency
RE/MAX Tri-State
(256) 762-2701
Listed by
Beth Pirtle · License #000101566
(256) 762-2701
Source
Exitrealty
Added: Jan 28 Checked: Jul 15 at 8:40 pm
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 Tri-State
Investment Insights
Based on property information with market context.
This is an established restaurant with an event room, known as The Logan Room, located in downtown Sheffield. The property is being offered for sale and is ready for immediate occupancy. The sale includes all fixtures and equipment. The restaurant features a beautiful atmosphere with fixtures and craftsman details throughout. The Logan Room is suitable for events.
Key Highlights
- Well‑established restaurant ready for immediate occupancy.
- Includes all fixtures and equipment.
- Features an event room: The Logan Room.
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 | $61.2k | $10.20 |
| − Vacancy | −$3.7k | −$0.61 |
| EGI | $57.5k | $9.59 |
| − OpEx | −$14.4k | −$2.40 |
| NOI | $43.1k | $7.19 |
6,000 SF · lease $10.20/SF/yr · vacancy 6.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$616.4K
$539.3K – $719.1K
NOI $43,146 @ 7.0% cap · market cap 4.66%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$958.1K
$838.4K – $1.12M
NOI $67,069 @ 7.0% cap · market cap 7.25%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
The Logan Room
Wedding Service
The Red Clay Table
Restaurant
Similar For Sale Nearby
FAQs
What type of property is this?
Conventional restaurant - Restaurant with fixtures and equipment included in downtown Sheffield.
Where is this conventional restaurant located?
The property is located at 307 N Montgomery Ave Sheffield, AL.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: Well‑established restaurant ready for immediate occupancy.; Includes all fixtures and equipment.; Features an event room: The Logan Room.
