Remodeled Convenience Store
For Sale
$650,000
839 New Hope Cedar Point Rd, New Hope, AL 35760
COMMERCIAL - New Hope, AL
Property Size3,240 SF
Lot Size0.52 Acres
Price / SF$200.62
Days on Market125
Property Features for 839 New Hope Cedar Point Rd
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Parking features
Parking Lot, Oversize
Window features
Display Window(s)
Exterior features
Lighting, Storage
Accessibility
Accessible Doors
Subdivision
Metes And Bounds
Lot features
Corner Lot, High Visibility
Directions
Heading South On Hwy 431 From Huntsville Turn Left Onto Main Dr Between Citizens And Wavajo, Veer Left Onto College Avenue Before Downtown, Veer Left Onto New Hop Cedar Point Road And Store Is On Corner Of New Hope Cedar Point And Nebo Rd
Standard status
Active
APN
2207360003014.000
Size
3,240 SF
Lot size
0.52 Acres
Utilities
Sewer type
Septic Tank
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1947
Floors in Building
1
Flooring type
Concrete
Roof type
Shingle
Additional Structures
Storage
Listing Agency:
Re/Max Guntersville
(256) 582-5585
Listed By:
Maximus Brandon · License #157893
(256) 706-6591
Added: Mar 28
Changed: Jul 28
Last Checked: Jul 30 at 1:06PM
MLS# 21913535
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Investment Insights
Based on property information with market context.
This remodeled convenience store includes a functional retail layout with ample display space, along with a fully equipped kitchen currently set up for breakfast service. The property also has plenty of coolers supporting established beer/alcohol sales, and includes exterior storage areas for bulk items.
The site sits at a high-visibility intersection with easy ingress and egress from multiple directions. A large parking area supports convenient customer access.
The building is positioned for day-to-day retail operations with dedicated food-prep capacity and merchandising features on site.
The site sits at a high-visibility intersection with easy ingress and egress from multiple directions. A large parking area supports convenient customer access.
The building is positioned for day-to-day retail operations with dedicated food-prep capacity and merchandising features on site.
Key Highlights
- High‑visibility intersection location with excellent access and exposure
- Large parking area with easy ingress and egress
- Recently remodeled building with functional retail layout and ample display space
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 | $62.2k | $19.20 |
| − Vacancy | −$1.9k | −$0.58 |
| EGI | $60.3k | $18.62 |
| − OpEx | −$15.1k | −$4.66 |
| NOI | $45.3k | $13.97 |
3,240 SF · lease $19.20/SF/yr · vacancy 3.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$646.5K
$565.7K – $754.3K
NOI $45,256 @ 7.0% cap · market cap 6.96%
Second Best
Retail
$565.7K
$495.0K – $660.0K
NOI $39,599 @ 7.0% cap · market cap 6.09%
Theoretical Best
Office A
$843.7K
$738.2K – $984.3K
NOI $59,059 @ 7.0% cap · market cap 9.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Commercial hood
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
3
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 35760, AL
5,186
Population
1,935
Households
2.7
Avg Household Size
42
Median Age
28%
College-Educated
90%
High-School Grad
50.7 sq mi
ZIP Area
102
Density / Sq Mi
$66,346
Median Household Income
$50,711
Median Earnings
$790
Median Rent
$164,500
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Remodeled convenience store with retail display space, a fully equipped kitchen for breakfast service, and beer/alcohol coolers.
Where is this grocery and convenience store located?
The property is located at 839 New Hope Cedar Point Rd New Hope, AL.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: High‑visibility intersection location with excellent access and exposure; Large parking area with easy ingress and egress; Recently remodeled building with functional retail layout and ample display space
