419 Pelham Rd Jacksonville, AL 36265
This exceptional 3,097 square foot former Wendy's restaurant presents a unique opportunity for a savvy investor or operator. Located on a prominent retail corridor with high visibility, the property boasts a single-tenant occupancy and ample parking (30 spaces). The building, constructed in 2016, is a Class B, single-story structure situated on a 0.81-acre lot within a larger 35,284 square foot parcel. The zoning is designated for retail use, making it ideal for a variety of food service or retail concepts. The property benefits from exceptional access to North Pelham Road, which sees a daily traffic count of 21,664 vehicles. Its strategic location less than one mile from Jackson State University, with its 9,000 students, provides a significant potential customer base. The building's footprint is 3,097 square feet, with the entire space currently vacant and ready for immediate occupancy. The building's floor area ratio (FAR) is 0.09. This prime location offers significant potential for a thriving business, capitalizing on the high traffic volume and proximity to a large student population. The property is ready for immediate redevelopment or lease, presenting a compelling investment opportunity in a high-demand area. The cross street is Francis St W S.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.