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Property profile & analytics
OFF-MARKET
Turn key restaurants

30478 Hwy 278 Addison, AL 35540-2142

2,303 SF 3.1 ac lot Built 1971
Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US03-2217107
Property summary
AI-generated overview

This exceptional 2,400 square foot commercial building presents a remarkable investment opportunity in the heart of Addison, Alabama. Situated on a 3.1-acre lot at 30478 W Hwy 278, this property benefits from high visibility and substantial traffic flow, drawing from both local businesses and lake-related commerce, as well as passing motorists. Currently configured as a former Subway restaurant, the building is ready for immediate occupancy and could easily be reopened as a Subway or repurposed to suit a variety of commercial ventures. The adaptable layout lends itself to diverse uses, including but not limited to restaurants, office spaces, daycare centers, or retail establishments. The significant acreage behind the main building offers considerable potential for expansion or the creation of additional income-generating structures. This prime location and versatile space make this property an ideal investment for entrepreneurs and business owners seeking a thriving commercial presence in Addison. The asking price is $169,900. Don't miss this chance to capitalize on the significant potential of this well-situated commercial property.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1971
Total area 2,303 SF
Lot 3.1 ac (135,036 SF)
APN 67 10 03 05 0 202 014.001
UPID US03-2217107
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Dharm Enterprises 16 LLC · 1 yrs held
Dharm Enterprises 16 LLC
since 2024
Last sale
$150,000
3 recorded transactions
2024
$150,000
2022
$105,000
2009
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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