Multi-Tenant Restaurant
400 Avalon Ave Muscle Shoals, AL 35661
400 Avalon Ave, Muscle Shoals, AL, 35661
$2,899,000
For Sale
$2,899,000
Multi-restaurant real estate with elevators, kitchens, walk-in coolers, drive-up windows, and a large paved parking lot.
Property Size15,578 SF
Price / SF$186.10
Days on Market305
Property Features for 400 Avalon Ave
General Information
- Standard status
- Active
- Size
- 15,578 SF
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1979
Listing agency
APEX Realty Group LLC
(256) 415-5151
Listed by
Ted L Wylie · License #000027024
(256) 415-5151
Source
Exitrealty
Added: Sep 21, 2025 Updated: Jul 21 at 12:32PM Checked: Jul 21 at 12:32PM
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 APEX Realty Group LLC
Investment Insights
Based on property information with market context.
This multi-tenant restaurant property consists of 3 or 4 restaurants at one location, totaling 16,000 square feet under roof. The buildings include elevators and restaurant-related improvements such as kitchens and walk-in coolers, with drive-up windows for service from the parking area. A large paved parking lot supports customer access and on-site operations.
The property is situated on a corner lot, which can provide improved access for vehicles approaching from different directions.
This listing is for the sale of the real estate only. Tenant-owned businesses within the buildings, along with their stock and inventory, remain the property of the individual tenants.
The property is situated on a corner lot, which can provide improved access for vehicles approaching from different directions.
This listing is for the sale of the real estate only. Tenant-owned businesses within the buildings, along with their stock and inventory, remain the property of the individual tenants.
Key Highlights
- Multi‑restaurant real estate built in 1979
- 16,000 SF under roof with elevators
- Restaurants equipped with kitchens and walk‑in coolers
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 | $158.9k | $10.20 |
| − Vacancy | −$9.5k | −$0.61 |
| EGI | $149.4k | $9.59 |
| − OpEx | −$37.3k | −$2.40 |
| NOI | $112.0k | $7.19 |
15,578 SF · lease $10.20/SF/yr · vacancy 6.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.60M
$1.40M – $1.87M
NOI $112,021 @ 7.0% cap · market cap 3.86%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.49M
$2.18M – $2.90M
NOI $174,135 @ 7.0% cap · market cap 6.01%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Smokin' Jalapeno
Restaurant
306 Barbecue-Muscle Shoals
Restaurant
Birdy's Sports Grill
Bar & Pub
the avalon social
Hotel & Motel
Similar For Sale Nearby
FAQs
What type of property is this?
Conventional restaurant - Multi-restaurant real estate with elevators, kitchens, walk-in coolers, drive-up windows, and a large paved parking lot.
Where is this conventional restaurant located?
The property is located at 400 Avalon Ave Muscle Shoals, AL.
What is the asking price?
The asking price for this property is $2,899,000.
What are key features of this property?
This property features: Multi‑restaurant real estate built in 1979; 16,000 SF under roof with elevators; Restaurants equipped with kitchens and walk‑in coolers
