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Property profile & analytics
FOR SALE
Turn key restaurants

13 W 10Th St Anniston, AL 36201

4,444 SF 0.05 ac lot Built 1900
Entity Owned 4-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US03-1116591
Property summary
AI-generated overview

This exceptional investment opportunity presents the historic Peerless Saloon, a National Register of Historic Places property located in Anniston, Alabama's vibrant Entertainment District. This unique offering encompasses two parcels totaling 0.11 acres and includes the iconic saloon, its fixtures, complete kitchen and bar equipment, and the established Peerless Grille, situated directly adjacent. The Peerless Saloon boasts a magnificent, mirror-backed mahogany bar crafted for the 1904 Chicago World's Fair, a truly remarkable centerpiece. The building's second floor, known as The Atlanta Room, provides versatile space ideal for private events, meetings, or social gatherings. This area has a rich history, having served as a brothel and speakeasy in its earlier years. The sale includes both properties, all existing equipment, and the ongoing business operations. The current owners are committed to facilitating a seamless transition for the new owner, ensuring a smooth handover and continued success. This is a rare chance to acquire a piece of Anniston's history and a thriving commercial enterprise in a prime downtown location. The asking price is $975,000. This property offers significant potential for continued growth and profitability within a bustling entertainment district.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1900
Construction BRICK
Total area 4,444 SF
Lot 0.05 ac (2,352 SF)
APN 21-03-07-1-001-014.000
UPID US03-1116591
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • The Peerless Saloon & Grille Bar & Pub Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Peerless LLC · 4 yrs held
Peerless LLC
since 2021
1 recorded transaction
2021
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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