Established Restaurant with Event
307 N Montgomery Ave Sheffield, AL 35660
307 N Montgomery Ave, Sheffield, AL, 35660
$925,000
For Sale
$925,000
COMMERCIAL - Sheffield, AL
Property Size6,000 SF
Price / SF$154.17
Days on Market1718
Property Features for 307 N Montgomery Ave
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- B1
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bathroom 2
- Parking features
- On Street
- Patio and Porch features
- Porch
- Interior features
- Built-in Features, Ceiling-High, Counters - Solid Surface, Entrance Foyer, Handicap Features, Inside Storage, Recessed Lighting, Track Lighting, Utility Sink
- Accessibility
- Accessible Approach with Ramp
- Standard status
- Active
- APN
- 0708283010040000
- Size
- 6,000 SF
Taxes and HOA fees
- Tax Description
- Lots 21 & 22 Blk 62 Sheffield 50x120
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1952
- Flooring type
- Concrete
- Building materials
- Block, Brick, Other (ConstrMat)
- Roof type
- Metal
- Additional Structures
- Storage
Listing Agency
RE/MAX Tri-State
(256) 383-7787
1661 S Wilson Dam Rd, Florence, AL
Listed by
Beth Pirtle · License #000101566
(256) 810-4786
Added: Nov 3, 2021 Checked: Jul 17 at 8:06 am
MLS# 502218
Listing URL
Copyright © 2026 Strategic MLS Alliance, INC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This established restaurant, featuring an event room known as 'The Logan Room,' is available for purchase. The sale includes all fixtures and equipment, offering immediate occupancy. Located in downtown Sheffield, the property features a detailed interior with a beautiful atmosphere. The Logan Room is suited for events. The property is zoned B1. The building has 6,000 square feet of space.
Key Highlights
- Restaurant with an event room (“the Logan Room”) for hosting gatherings
- All fixtures and equipment stay with the purchase
- Metal roof and block/brick construction
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: Restaurant with an event room (“the Logan Room”) for hosting gatherings; All fixtures and equipment stay with the purchase; Metal roof and block/brick construction
