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Property profile & analytics
OFF-MARKET Estimated value $1,275,000
Drive through restaurants

529 Claxton N Ave Elba, AL 36323-1502

3,342 SF 0.75 ac lot Built 1986
Individually Owned 3-yr Hold Absentee Owner Free & Clear
Property ID
US03-1380264
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 1986
Total area 3,342 SF
Lot 0.75 ac (32,741 SF)
APN 1103083002056000
UPID US03-1380264
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.28M
Owner & transaction history
Pasquale Desantis · 3 yrs held
Pasquale Desantis
since 2022
Last sale
$1.3M
2 recorded transactions
2022
$1.3M
2013
$1.1M
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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