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Property profile & analytics
OFF-MARKET
Turn key restaurants

3150 Watchman Dr Montgomery, AL 36116-1399

3,757 SF 0.39 ac lot Built 1990
Entity Owned 8-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US03-0289437
Property summary
AI-generated overview

This exceptional 3,670-square-foot restaurant space is available for purchase at $399,000. Located at 3150 Watchman Drive in Montgomery, Alabama (zip code 36116), this single-unit, Class C retail property sits on a 0.39-acre lot. Built in 1990, the one-story building is currently vacant and offers ample parking for both employees and customers. The property is zoned O-1 & B-4, making it suitable for a variety of restaurant or similar uses. Its convenient location in desirable East Montgomery offers excellent visibility and accessibility. The property enjoys proximity to key areas, including Vaughn Road and Bell Road, The Shoppes at Eastchase (approximately 2.6 miles), Interstate 85 (approximately 2.7 miles), and Auburn University at Montgomery (AUM) (approximately 2.7 miles). The property's location also provides easy access to downtown Montgomery (approximately 8.3 miles). This is a fantastic opportunity to acquire a well-situated restaurant property in a thriving area of Montgomery. The lease type is NNN, and the property features one building with a total of 3,670 square feet. The APN is 09 09 30 4 000 002.003. This is a turn-key opportunity for an owner-operator or investor seeking a prime location in a high-traffic area.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1990
Total area 3,757 SF
Lot 0.39 ac (17,163 SF)
Zoning code PGH-40
APN 09-09-30-4-000-002.003
UPID US03-0289437
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
  • Ric & Moes Restaurant
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
Dabbs Properties LLC · 8 yrs held
Dabbs Properties LLC
since 2017
3 recorded transactions
2017
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
PGH-40 · Montgomery, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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