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Property profile & analytics
FOR LEASE
Drive through restaurants

2931 Morgan Rd Bessemer, AL 35022

3,058 SF 0.9 ac lot Built 1996
Entity Owned 4-yr Hold Free & Clear
Property ID
US03-0373618
Property summary
AI-generated overview

This freestanding, single-tenant building offers 2,897 square feet of space, including a drive-thru. Situated on a 0.86-acre lot in Bessemer, Alabama, this former quick-service restaurant enjoys a prime location on Morgan Road, providing easy access from Interstate 459 via Exit 6. The property benefits from high traffic counts and excellent visibility. The building is a one-story structure, and the entire space is currently vacant, presenting a unique opportunity for a variety of restaurant or retail concepts. The area surrounding the property has experienced significant growth and development, making it a strategically advantageous location. Its proximity to key highways and a burgeoning industrial base ensures a strong potential customer base. The property's size and features make it ideal for a business seeking high visibility and convenient access for customers. Jefferson County location offers additional benefits for business owners. This is a rare opportunity to acquire a well-positioned property in a thriving area. The vacant building is ready for immediate occupancy and customization to suit a new tenant's needs.

Property profile
Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 1996
Total area 3,058 SF
Lot 0.9 ac (39,204 SF)
Zoning code C3
APN 38-00-36-3-004-018.005
UPID US03-0373618
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
  • Wendy's Restaurant Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$595k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$750k
Owner & transaction history
Southeast Restaurant Development We · 4 yrs held
Southeast Restaurant Development We
since 2022
Last sale
$750,933
3 recorded transactions
2022
$750,933
2014
$500,000
1969
Price N/A
Zoning & alternative use
C3 · Bessemer, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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