529 Claxton N Ave Elba, AL 36323-1502
This exceptional 3,342 square-foot quick-service restaurant building presents a compelling investment opportunity. Located on a major thoroughfare near US Hwy 82, this single-tenant property boasts unparalleled visibility, with over 10,000 vehicles passing daily. Its drive-thru configuration optimizes operational efficiency and customer convenience. The property includes ample parking with 30 spaces. The strong demographics of the area further enhance its appeal. Within a three-mile radius, residents enjoy an average household income of $54,972, and spent approximately $4 million on food away from home in 2023. Elba's population growth mirrors national trends, with projections exceeding national averages in the near future. The local workforce also presents a significant advantage, with over 15% of Elba's population employed in retail and food services, ensuring a readily available and skilled labor pool. The property's APN is 11-03-08-3-002-056.000. This turnkey operation is ideally suited for a variety of quick-service restaurant concepts, offering significant potential for growth and profitability in a thriving market. The building's prime location and strong local demographics make this a truly exceptional investment opportunity.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
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.