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    Property profile & analytics
    OFF-MARKET Estimated value $670,000
    Turn key restaurants

    503 Cloverdale Rd, Montgomery, AL 36106-1871

    5,420 SF Built 2007
    Individually Owned 18-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US03-0722162
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Turn key restaurants
    Use group RESTAURANT
    Year built 2007
    Total area 5,420 SF
    Zoning code B-1-A
    APN 10-04-19-1-003-009.501
    UPID US03-0722162
    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
    • Montgomery Dispensary Online (Bike/Boat/Book/etc) Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $670k
    Owner & transaction history
    William W Helvie · 18 yrs held
    William W Helvie
    since 2008
    1 recorded transaction
    2008
    $595,000
    Zoning & alternative use
    B-1-A · Montgomery, AL
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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