502 Martin Luther King Jr Pkwy Phenix City, AL 36869
- Retail properties
- 1,890 SF
- 0.40 lot acres
Current Use by Public Records
- J's Catch Market & Grill / Seafood Market
- Js Catch Market & Grill / Seafood Restaurant
Property Details for 502 Martin Luther King Jr Pkwy
- Lot size
- 0.40 lot acres
- Property size
- 1,890 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
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.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Phenix City
- County
- Russell
- State
- Alabama
- Longitude
- -85.0237
- Latitude
- 32.437
