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    Turn-Key Restaurant with Equipment Title is generated by Realmo AI

    4608 Desoto Parkway N, Fort Payne, AL 35967

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    Claim this Listing
    For Sale
    $350,000

    COMMERCIAL - Fort Payne, AL

    Property size:
    2,752 SF
    Lot size:
    1.50 Acres
    Price / SF:
    $127/SF
    Added:
    Jun 1, 2026
    Days on Market:
    20
    Last Refresh:
    Jun 20 at 10:06 pm

    Property Features for 4608 Desoto Parkway N

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Bathrooms
    2
    Rooms
    Bathroom 1, Bathroom 2
    Parking features
    Driveway, Parking Lot
    Standard status
    Active
    APN
    1407360000030.005
    Size
    2,752 SF
    Lot size
    1.50 Acres

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Electric (Heating)
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1990
    Floors in Building
    2
    Flooring type
    Concrete, Wood
    Roof type
    Metal

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    Listing Contact
    Pamela Hancock

    Listing agent Pamela Hancock License #112066

    Listing office Southern Properties Agency Inc 311 Gault Avenue N, Fort Payne, AL

    Listing date Jun 1, 2026

    MLS# 21870315

    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.

    HighLights

    • Former restaurant on DeSoto Parkway with kitchen equipment, seating, and grills included
    • Built in 1990 with metal roof
    • Central air and electric heating
    • Concrete and wood flooring
    • Public water and septic tank sewer
    • On‑site parking with driveway and parking lot

    Overview

    Little River Venue is a turn-key restaurant property featuring a working-style kitchen setup with included kitchen equipment, seating, and grills. The space is presented as a ready-to-view opportunity for a new operator, with the existing restaurant layout and dining atmosphere already in place. The property is offered with 2,752 square feet of restaurant improvements on a 1.5-acre lot.

    Located at 4608 DeSoto Parkway N in Fort Payne, AL, the venue is described as being near scenic destinations that draw visitors throughout the year, including DeSoto State Park, Little River Canyon, JSU Canyon Center, and Mentone, AL. The public remarks also reference ongoing activity in the area from campers and visitors who come for recreation around the Great Lookout Mountain.

    For tenants, buyers, or operators, the appeal here is the existing restaurant configuration and included equipment, which can reduce the need to start from scratch. It may also suit concepts looking to serve guests visiting the surrounding attractions, supported by the property’s direct placement on DeSoto Parkway and its proximity to the area’s established outdoor and entertainment destinations.

    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 $43.9k $15.96
    − Vacancy −$3.4k −$1.24
    EGI $40.5k $14.72
    − OpEx −$10.1k −$3.68
    NOI $30.4k $11.04
    2,752 SF · lease $15.96/SF/yr · vacancy 7.80% · expense 25.00%

    Alternative Uses

    Best Use
    Specialty Retail
    $433.9K
    $379.7K – $506.2K (±1% cap)
    NOI $30,372 @ 7.0% cap · market cap 8.68%
    Second Best
    Retail
    $237.8K
    $208.1K – $277.4K (±1% cap)
    NOI $16,644 @ 7.0% cap · market cap 4.76%
    Theoretical Best
    Healthcare Medical
    $443.3K
    $387.9K – $517.2K (±1% cap)
    NOI $31,034 @ 7.0% cap · market cap 8.87%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Little River Venue Hotel & Motel

    Suggested Use

    Restaurant Hotel & Motel Department Store Food Market Storage Facility (Bike/Boat/Book/etc) Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fort Payne
    County
    DeKalb
    State
    Alabama
    Longitude
    -85.6478127
    Latitude
    34.467392

    FAQs

    What type of property is this?
    Restaurant - Former restaurant build-out includes kitchen equipment, seating, and grills, positioned near major scenic destinations.
    Where is this restaurant located?
    The property is located at 4608 Desoto Parkway N Fort Payne, AL.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: Former restaurant on DeSoto Parkway with kitchen equipment, seating, and grills included; Built in 1990 with metal roof; Central air and electric heating
    More about this property
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