Technical
Financial
Distress signals
Property profile

324 Montgomery Ave Sheffield, AL 35660

FOR SALE
Drive through restaurants
Property ID
US03-2926178
2,109 SF Built 1994
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional commercial property, located at 324 Montgomery Ave in Sheffield, Alabama, presents a unique investment opportunity. Boasting 2,109 square feet situated on a 1.4-acre lot, this property enjoys a highly visible location at the entrance to Foodland Plaza, a key commercial hub in the city. Its strategic position places it conveniently between Helen Keller Hospital and the downtown area, ensuring high foot traffic and excellent visibility. Previously occupied by a McDonald's restaurant, the building is ideally suited for a variety of food service businesses, offering significant potential for immediate occupancy and operation. The existing infrastructure is well-suited for restaurant use, minimizing upfront renovation costs and allowing for a swift transition to a new tenant. The ample 1.4-acre lot provides ample parking and potential for future expansion. This property represents a rare chance to acquire a well-located, ready-to-use commercial space in a thriving community, offering significant return on investment for discerning buyers. The asking price is $595,000. Serious inquiries are encouraged. All information is deemed reliable but not guaranteed.

Property profile

Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 1994
Total area 2,109 SF
APN 07-08-33-2-003-007.000
UPID US03-2926178

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant

Location

324 Montgomery Ave Sheffield, AL 35660
Sheffield metro Census 20300 FLORENCE-MUSCLE SHOALS, AL METROPOLITAN STATISTICAL AREA
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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
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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