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Property profile & analytics
OFF-MARKET
Turn key restaurants

2003 Highland Ave Selma, AL 36701-6618

5,616 SF 4.53 ac lot Built 1991
Entity Owned 3-yr Hold Free & Clear
Property ID
US03-1301827
Property summary
AI-generated overview

This exceptional 5,547-square-foot restaurant space, situated on a generous 5-acre lot in Selma, Alabama, presents a unique investment opportunity. The single-tenant building, constructed in 1991, boasts a highly visible location within the vibrant Selma area, ensuring excellent accessibility and high traffic exposure. The property offers ample parking with 75 spaces, providing convenient access for patrons and employees. The versatile layout is ideally suited for a variety of restaurant concepts or retail businesses, allowing for customization to meet specific operational needs. Its strategic location offers proximity to key amenities, including the Vaughn Medical Center, Holiday Inn, and Hampton Inn, further enhancing its appeal and potential for success. The property's modern design and abundant natural light create a welcoming and productive environment. The 5-acre parcel provides significant expansion potential or opportunities for outdoor seating or landscaping. This property represents a rare chance to establish a thriving business in a prime Selma location. The Dallas County property (APN: 1105220004041000) is currently vacant and ready for immediate occupancy.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1991
Construction WOOD
Total area 5,616 SF
Lot 4.53 ac (197,327 SF)
Zoning code N
APN 11052200040410000
UPID US03-1301827
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
  • GOLDEN RANCH BAR & GRILLED Restaurant
  • GOLDEN RANCH BBQ & GRILL 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
Hrp Associates LLC · 3 yrs held
Hrp Associates LLC
since 2023
Last sale
$185,000
1 recorded transaction
2023
$185,000
Zoning & alternative use
N · Selma, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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