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Property profile & analytics
FOR SALE
Turn key restaurants

350 George Wallace Hwy Littleville, AL 35654

3,067 SF 1 ac lot Built 1981
Individually Owned 2-yr Hold Absentee Owner Free & Clear
Property ID
US03-2053576
Property summary
AI-generated overview

This exceptional turnkey commercial property, located at 350 George Wallace Hwy in Littleville, Alabama, presents a remarkable opportunity for an aspiring entrepreneur. Priced at $210,000, this one-acre lot boasts a fully equipped restaurant and bar, ready for immediate operation. The existing structure includes two fully functional bars, ample seating with numerous tables and chairs, a dedicated dance floor/karaoke area perfect for entertainment, and a sizable outdoor patio for al fresco dining. The property also features an abundance of parking, providing convenient access for patrons and offering significant potential for expansion with additional buildings. A fully equipped commercial kitchen with all necessary appliances is included, eliminating the need for costly initial investments. This turnkey setup minimizes the start-up time and expenses associated with launching a new business. The seller is open to owner financing, making this an even more attractive proposition for qualified buyers. This is an exceptional opportunity to acquire a thriving business or establish a new venture in a prime location with significant potential for growth and profitability. The property's existing infrastructure and ample space provide a solid foundation for immediate success. Don't miss this chance to own a well-established business in a desirable location.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1981
Total area 3,067 SF
Lot 1 ac (43,560 SF)
APN 22-08-34-0-002-008.004
UPID US03-2053576
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
  • My Place Sports Bar and Grill Bar & Pub
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
Arlis Luther Powers JR · 2 yrs held
Arlis Luther Powers JR
since 2024
Last sale
$12,900
3 recorded transactions
2024
$12,900
2017
Price N/A
2014
$67,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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