503 Cloverdale Rd, Montgomery, AL 36106-1871
This exceptional 5,000-square-foot restaurant space is available for lease in Montgomery, Alabama's vibrant Cloverdale entertainment district. Located at 503 Cloverdale Road, zip code 36106, this single-tenant property is part of the A&P Development, a thriving mixed-use complex. The building boasts excellent visibility and benefits from the synergy of neighboring restaurants, shops, offices, and retail establishments. The property is ideally situated less than three miles from downtown Montgomery. The restaurant space is essentially turnkey, already equipped with much of the necessary kitchen equipment, significantly reducing start-up costs and time. This allows for a quicker transition to operation and immediate revenue generation. Beyond the interior space, the property also includes valuable outdoor seating, enhancing the dining experience and increasing capacity. The A&P Development also features 32 loft residential units, providing a built-in customer base and contributing to a lively atmosphere. This prime location and well-equipped space present a unique opportunity for a restaurant operator seeking a successful venture in a bustling and desirable area of Montgomery. Montgomery County location offers easy access to major transportation routes and a strong local community. This is a rare opportunity to acquire a fully functional restaurant space in a thriving mixed-use development.
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Montgomery Dispensary Online (Bike/Boat/Book/etc) Store
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
B-1-A · Montgomery, ALMontgomery. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.