Restaurant Building with Kitchen
4608 Desoto Parkway N Fort Payne, AL 35967
New
For Sale
$350,000
COMMERCIAL - Fort Payne, AL
Property Size2,752 SF
Lot Size1.50 Acres
Price / SF$127.18
Days on Market2
Property Features for 4608 Desoto Parkway N
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bathroom 1
- 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
Listing Agency:
Southern Properties Agency Inc
(256) 845-6000
Listed By:
Pamela Hancock · License #112066
(256) 996-5112
Added: Jul 24
Changed: Jul 25
Last Checked: Jul 25 at 9:06PM
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.
Investment Insights
Based on property information with market context.
Little River Venue is a former restaurant property ready for your viewing, offering kitchen equipment, seating, and grills. The building is suited to reimagine food service operations with existing improvements that support restaurant use.
The property is located on DeSoto Parkway in Fort Payne, Alabama, near scenic destinations including DeSoto State Park, Little River Canyon, JSU Canyon Center, and the artistic community of Mentone. The surrounding area draws visitors year-round, including campers, which can support consistent demand for food and beverage.
Set on approximately 1.5 acres, the property is listed for sale and totals 2,752 square feet. Call for an appointment to arrange a private showing.
The property is located on DeSoto Parkway in Fort Payne, Alabama, near scenic destinations including DeSoto State Park, Little River Canyon, JSU Canyon Center, and the artistic community of Mentone. The surrounding area draws visitors year-round, including campers, which can support consistent demand for food and beverage.
Set on approximately 1.5 acres, the property is listed for sale and totals 2,752 square feet. Call for an appointment to arrange a private showing.
Key Highlights
- Previously used as a restaurant with included kitchen equipment, seating, and grills
- Metal roof and wood/concrete flooring
- Central air cooling and electric heating
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
NOI $30,372 @ 7.0% cap · market cap 8.68%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$443.3K
$387.9K – $517.2K
NOI $31,034 @ 7.0% cap · market cap 8.87%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Little River Venue
Hotel & Motel
FAQs
What type of property is this?
Conventional restaurant - Former restaurant includes kitchen equipment, seating, and grills on a 1.5-acre site.
Where is this conventional 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: Previously used as a restaurant with included kitchen equipment, seating, and grills; Metal roof and wood/concrete flooring; Central air cooling and electric heating
