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Restaurant with Separate Living Quarters
For Sale
$875,000

5601 WINCHESTER ROAD, New Market, AL 35761

Commercial Sale, NEW MARKET, AL

Property Size2,035 SF
Lot Size0.90 Acres
Price / SF$429.98
Days on Market140

Property Features for 5601 WINCHESTER ROAD

General Information

Property type Commercial Sale
Property subtype Other
Zoning Residential
Bathrooms 3
Full bathrooms 3
Rooms Bathroom 1, Bathroom 3, Bathroom 2
Parking features Driveway
Directions Hwy 72 East, Left onto Moores Mill Rd, Right on Winchester Rd, straight for approximately 8miles, business is on the Left.
Standard status Active
APN 02-09-32-1-000-053.000
Size 2,035 SF
Lot size 0.90 Acres

Additional Details

Business Included Yes

Taxes and HOA fees

Tax Year 1443
Tax Description SEC 32 T1S R2E PT OF SEC 32 DESC AS COMM AT THE CEN OF THE E BDRY OF SEC 32 TH N 1 DEG W 784.42 FT W 30 FT & N 328.43 FT TO THE POB TH S 88 DEG W 338.77 FT N 50 DEG E 170.60 FT N 54 DEG E 103.30 FT N 79 DEG E 59 FT S 77 DEG E 76.40 FT & S 3 DEG W 151 FT
Tax Annual Amount 2026
Legal Description SEC 32 T1S R2E PT OF SEC 32 DESC AS COMM AT THE CEN OF THE E BDRY OF SEC 32 TH N 1 DEG W 784.42 FT W 30 FT & N 328.43 FT TO THE POB TH S 88 DEG W 338.77 FT N 50 DEG E 170.60 FT N 54 DEG E 103.30 FT N 79 DEG E 59 FT S 77 DEG E 76.40 FT & S 3 DEG W 151 FT

Utilities

Heating system Central
Cooling system Central Air
Water source Public

Building Details

Year built 1996
Floors in Building 2
Flooring type Concrete
Building materials Brick, Wood
Roof type Metal
Listing Agency: Century 21 Rocket City
Listed By: Shawn Guzman · License #110855
Added: Jun 18 Changed: Oct 31 Last Checked: Nov 4 at 2:06AM
MLS# 21921288

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Rey
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Review the available facts, identify missing information and prepare questions for the agent.

Investment Insights

Based on property information with market context.

This restaurant property combines a food-service business with a separate one-bedroom, one-bath living space. The restaurant building contains 2,035 square feet and was built in 1996, with brick and wood construction, concrete flooring, central heating and air conditioning, and a metal roof. The sale includes the business name, recipes, equipment, and goodwill, along with the real estate and an established catering operation.

The property covers approximately 0.90 acres on Winchester Road in New Market. Public water serves the site, and driveway parking is provided.

Key Highlights

  • Restaurant business and real estate offered together
  • 2,035‑square‑foot restaurant building, built in 1996
  • Separate one‑bedroom, one‑bath living area

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$28,425
Cap Rate
3.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$568,500 $568.5K
Cap Rate 7%
$406,071 $406.1K
Cap Rate 9%
$315,833 $315.8K
Market Conditions
NOI Build-Up for 2,035 SF
Gross rent
$39.1K $19.20/SF
− Vacancy
−$1.2K −$0.58/SF
EGI
$37.9K $18.62/SF
− OpEx
−$9.5K −$4.66/SF
NOI
$28.4K $13.97/SF
Area
Madison County, AL
Vacancy
3.00%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$568,500
Cap Rate 7%
$406,071
Cap Rate 9%
$315,833

Alternative Uses

Best Use
Specialty Retail
$406.1K
$355.3K – $473.8K (±1% cap)
NOI $28,425 @ 7.0% cap · market cap 3.25%
Second Best
Mixed Use
$351.0K
$307.2K – $409.6K (±1% cap)
NOI $24,573 @ 7.0% cap · market cap 2.81%
Theoretical Best
Office A
$529.9K
$463.7K – $618.2K (±1% cap)
NOI $37,094 @ 7.0% cap · market cap 4.24%
Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

New Market BBQ Restaurant

Suggested Use

Top Pick Building Supply Auto Repair Shop Electrical Service Real Estate Agency Storage Facility Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Turnkey business
Opportunity
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

55
Businesses Nearby
Well-served
Demand for This Use

Demographics for 35761, AL

12,561
Population
5,522
Households
2.3
Avg Household Size
40
Median Age
30%
College-Educated
90%
High-School Grad
116.6 sq mi
ZIP Area
108
Density / Sq Mi
$82,321
Median Household Income
$45,892
Median Earnings
$975
Median Rent
$215,300
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025

Frequently Asked Questions

What type of property is this?
Conventional restaurant - The sale includes restaurant equipment, the business name, recipes, goodwill, and an established catering operation.
Where is this conventional restaurant located?
The property is located at 5601 WINCHESTER ROAD New Market, AL.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: Restaurant business and real estate offered together; 2,035‑square‑foot restaurant building, built in 1996; Separate one‑bedroom, one‑bath living area
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