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    502 Martin Luther King Jr Pkwy Phenix City, AL 36869

    Sponsored
    For Sale
    $782,070

    High-traffic location, strong income stream.

    Property size:
    1,890 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional restaurant property, located at 502 Martin Luther King Jr Pkwy S in Phenix City, Alabama (zip code 36869), presents a lucrative investment opportunity. The 1,890 square foot building sits on a 0.4-acre lot and is situated on busy US Highway 431 near Highway 280, experiencing high daily traffic volume of 38,000 cars. The property boasts a prime location near two successful hotels (Hampton Inn & Quality Inn), a thriving Marathon C-Store and Truck Stop, and is conveniently located near Fort Benning Gates, Troy University Campus, and Chattahoochee Community College. Its proximity to downtown Columbus and other commercial establishments further enhances its appeal. The asking price is $782,070, translating to $413.79 per square foot. The property features a 15-year NNN lease, providing a stable and predictable income stream. Furthermore, the sale includes an income-producing ATM lease, adding to the overall profitability. All fixtures, furniture, and equipment (FF&E) are included in the sale. The property's APN is 05052210060010020. This single-story building presents a rare opportunity to acquire a well-established, high-performing restaurant with significant growth potential.

    Property Features for 502 Martin Luther King Jr Pkwy

    General Information

    Property type
    Restaurants
    Square Feet
    1,890 SF
    Lot Size
    17,424 SF

    Building Details

    Stories
    1

    HighLights

    • 1,890 SF restaurant on 0.4‑acre lot in Phenix City, AL (36869).
    • High‑traffic location on US Hwy 431 near Hwy 280 (38,000+ cars daily).
    • Prime location near hotels, C‑Store, truck stop, Fort Benning, and universities.
    • $782,070 asking price ($413.79/SF).
    • 15‑year NNN lease with included FF&E and income‑producing ATM lease.
    Property Profile Location Intelligence

    Current Use by Public Records

    J's Catch Market ... Seafood Market Js Catch Market ... Seafood Restaurant

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Phenix City
    County
    Russell
    State
    Alabama
    Longitude
    -85.0236924
    Latitude
    32.4369773

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    FAQs

    What type of property is this?
    Restaurant - High-traffic location, strong income stream.
    Where is this restaurant located?
    The property is located at 502 Martin Luther King Jr Pkwy Phenix City, AL.
    What is the asking price?
    The asking price for this property is $782,070.
    What are key features of this property?
    This property features: 1,890 SF restaurant on 0.4-acre lot in Phenix City, AL (36869).; High-traffic location on US Hwy 431 near Hwy 280 (38,000+ cars daily).; Prime location near hotels, C-Store, truck stop, Fort Benning, and universities.
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    Phenix City, AL 36869
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    502 Martin Luther King Jr Pkwy Phenix City, AL 36869
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