Restaurant with Event
New
For Sale
Contact for pricing
702 Michigan Ave, Muscle Shoals, AL 35661
An operating restaurant buildout includes a commercial kitchen, bar, and dedicated dining and event areas.
Property Size4,811 SF
Price / SF$49.86
Days on Market6
Property Features for 702 Michigan Ave
General Information
Standard status
Active
Size
4,811 SF
Property subtype
Retail
Occupancy
100%
Net Operating Income
$17,411
Listing Agency:
Pounders & Associates, Inc
Listed By:
Justin Bishop · License #AL 000086299
(256) 766-0998
Source:
Crexi
Added: Sep 22
Changed: Sep 26
Last Checked: Sep 26 at 3:01PM
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 Pounders & Associates, Inc
Investment Insights
Based on property information with market context.
Recently renovated, the 4,811-square-foot restaurant property is configured for dining and events. Its interior includes a commercial kitchen, waiting area, bar, and spacious dining and event area. Private off-street parking accommodates more than 20 vehicles.
The property is occupied under a lease running through 9/2028. An estimated 7.25%+ cap rate is reported for the in-place income.
The property is occupied under a lease running through 9/2028. An estimated 7.25%+ cap rate is reported for the in-place income.
Key Highlights
- 4,811‑square‑foot restaurant and event property
- Commercial kitchen, waiting area, bar, and dining/event area
- Private off‑street parking for 20+ vehicles
Property Analytics
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Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
730
Businesses Nearby
311k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 42%
Superstores 28%
Shops & Services 16%
Apparel 8%
Walmart
Superstores
86,884 visits/mo
0.5 miles
Chick-fil-A
Dining
39,828 visits/mo
0.4 miles
McDonald's
Dining
23,467 visits/mo
0.2 miles
Bealls
Apparel
21,300 visits/mo
0.5 miles
Dollar Tree
Shops & Services
16,454 visits/mo
0.2 miles
Demographics for 35661, AL
18,714
Population
8,911
Households
2.1
Avg Household Size
42
Median Age
24%
College-Educated
91%
High-School Grad
51.2 sq mi
ZIP Area
366
Density / Sq Mi
$66,726
Median Household Income
$43,826
Median Earnings
$917
Median Rent
$189,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - An operating restaurant buildout includes a commercial kitchen, bar, and dedicated dining and event areas.
Where is this conventional restaurant located?
The property is located at 702 Michigan Ave Muscle Shoals, AL.
What is the asking price?
The asking price for this property is $239,900.
What are key features of this property?
This property features: 4,811‑square‑foot restaurant and event property; Commercial kitchen, waiting area, bar, and dining/event area; Private off‑street parking for 20+ vehicles
