For Sale
$782,070

502 Martin Luther King Jr PkwyPhenix City, AL 36869

High-traffic location, strong income stream.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional restaurant property, located at 502 Martin Luther King Jr Pkwy S in Phenix City, Alabama (zip code 36869), presents a lucrative investment opportunity. The 1,890 square foot building sits on a 0.4-acre lot and is situated on busy US Highway 431 near Highway 280, experiencing high daily traffic volume of 38,000 cars. The property boasts a prime location near two successful hotels (Hampton Inn & Quality Inn), a thriving Marathon C-Store and Truck Stop, and is conveniently located near Fort Benning Gates, Troy University Campus, and Chattahoochee Community College. Its proximity to downtown Columbus and other commercial establishments further enhances its appeal. The asking price is $782,070, translating to $413.79 per square foot. The property features a 15-year NNN lease, providing a stable and predictable income stream. Furthermore, the sale includes an income-producing ATM lease, adding to the overall profitability. All fixtures, furniture, and equipment (FF&E) are included in the sale. The property's APN is 05052210060010020. This single-story building presents a rare opportunity to acquire a well-established, high-performing restaurant with significant growth potential.

Highlights

  • 1,890 SF restaurant on 0.4-acre lot in Phenix City, AL (36869).
  • High-traffic location on US Hwy 431 near Hwy 280 (38,000+ cars daily).
  • Prime location near hotels, C-Store, truck stop, Fort Benning, and universities.
  • $782,070 asking price ($413.79/SF).
  • 15-year NNN lease with included FF&E and income-producing ATM lease.

Property Details for 502 Martin Luther King Jr Pkwy

Property type
Retail properties, Restaurants
Square Feet
1,890 SF
Stories
1
Lot Size (sq. ft)
17,424 SF

Location Insight

City
Phenix City
County
Russell
State
Alabama
Latitude
32.4369773
Longitude
-85.0236924
502 Martin Luther King Jr Pkwy, Phenix City, Alabama

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502 Martin Luther King Jr Pkwy
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