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For sale
Conventional restaurants
AL
Sheffield
35660
4840 Hatch Blvd

Colbert County Commercial Building For Sale

4840 Hatch Blvd, Sheffield, AL 35660

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For Sale

$975,000

Commercial building with restaurant potential in high-traffic area.

Type:General Commercial

Property size:

10,031 SF

Price / SF:

$97/SF

Listing Contact

Kellie Bowling

HighLights

Extensive Renovations: Approximately $300,000 spent since 2023, including new plumbing, electrical, lighting, roof, sprinkler system, ceilings, and HVAC ductwork.
High Capacity & Ample Parking: Accommodates over 400 people with approximately 100 parking spaces.
Prime Location: Situated in a high traffic area of Colbert County.
Versatile Commercial Space: 10,000+ sq ft building suitable for various options, previously used as a restaurant.
Key Amenities: Features indoor and outdoor stages, dance floor, patio bars, extended bar space, restaurant eating area(s), and kitchen space.
Updated Systems: Features 2 HVACs (2 years old) and 2 new tankless hot water heaters (1 year old).

For Sale

$975,000

Commercial building with restaurant potential in high-traffic area.

Type:General Commercial

Property size:

10,031 SF

Price / SF:

$97/SF

Added:: Jan 2, 2025
Days on Market:: 525
Last Refresh:: May 13 at 8:19 pm

Property Features for 4840 Hatch Blvd

General Information

Standard status: Active
Size: 10,031 SF
Property subtype: General Commercial

Building Details

Year Built: 1982

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Listing Contact

Kellie Bowling

Listing agent Kellie Bowling

Listing office EXIT Realty Shoals

Listing date Jan 2, 2025

Source Xome

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 EXIT Realty Shoals

HighLights

Extensive Renovations: Approximately $300,000 spent since 2023, including new plumbing, electrical, lighting, roof, sprinkler system, ceilings, and HVAC ductwork.
High Capacity & Ample Parking: Accommodates over 400 people with approximately 100 parking spaces.
Prime Location: Situated in a high traffic area of Colbert County.
Versatile Commercial Space: 10,000+ sq ft building suitable for various options, previously used as a restaurant.
Key Amenities: Features indoor and outdoor stages, dance floor, patio bars, extended bar space, restaurant eating area(s), and kitchen space.
Updated Systems: Features 2 HVACs (2 years old) and 2 new tankless hot water heaters (1 year old).

Overview

This commercial building, previously used as a restaurant, offers potential for various business options. The property spans over 10,000 square feet and includes indoor and outdoor stages, a dance floor, patio bars, an extended interior bar space, and a restaurant eating area. It features an indoor sprinkler system with up-to-date fire protection and a transferrable security system with ADT. The building also provides ample storage and kitchen space. Since 2023, approximately $300,000 has been invested in extensive renovations. These renovations, completed as of May 2023, include new plumbing, electrical systems, lighting, roofing, sprinkler system, ceilings, and HVAC ductwork. The property is equipped with two HVAC units that are two years old and two new tankless hot water heaters installed one year ago. Situated in a high-traffic area of Colbert County, the building has a capacity of over 400 people and approximately 100 parking spaces. The seller is open to considering a lease or owner financing.

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$102.3k	$10.20
− Vacancy	−$6.1k	−$0.61
EGI	$96.2k	$9.59
− OpEx	−$24.0k	−$2.40
NOI	$72.1k	$7.19

10,031 SF · lease $10.20/SF/yr · vacancy 6.00% · expense 25.00%

Alternative Uses

Best Use

Specialty Retail

$1.03M

$901.7K – $1.20M (±1% cap)

NOI $72,133 @ 7.0% cap · market cap 7.40%

Second Best

—

no second resolved use

Theoretical Best

Office A

$1.60M

$1.40M – $1.87M (±1% cap)

NOI $112,129 @ 7.0% cap · market cap 11.50%

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

Property Profile Location Intelligence

Current Use by Public Records

Roma Italian Bistro Restaurant

Suggested Use

Location Insight

Map
Local Demand

City: Sheffield
County: Colbert
State: Alabama
Longitude: -87.6690864
Latitude: 34.7630346

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For sale
Conventional restaurants
AL
Sheffield
35660
4840 Hatch Blvd

What type of property is this?

Conventional restaurant - Commercial building with restaurant potential in high-traffic area.

Where is this conventional restaurant located?

The property is located at 4840 Hatch Blvd Sheffield, AL.

What is the asking price?

The asking price for this property is $975,000.

What are key features of this property?

This property features: Extensive Renovations: Approximately $300,000 spent since 2023, including new plumbing, electrical, lighting, roof, sprinkler system, ceilings, and HVAC ductwork.; High Capacity & Ample Parking: Accommodates over 400 people with approximately 100 parking spaces.; Prime Location: Situated in a high traffic area of Colbert County.