2313 Cobbs Ford RdPrattville, AL 36066

Property Details for 2313 Cobbs Ford Rd

Year built

2000

Construction

WOOD

Property size (Sq ft)

3,995 SF

Property type

Retail properties

Property subtype

Drive through restaurants

APN

26-03-07-0-001-020.004

APU

2603070001020004

Description

This 3,995 square foot former Steak 'n Shake restaurant presents a unique turnkey opportunity in Prattville, Alabama. Situated on a 1.21-acre lot, the property boasts a drive-thru, ample parking (70 spaces), and excellent visibility. Built in 2000, the building features a new roof membrane (installed in 2015) and a new HVAC system (installed in 2016). Its prime location on Cobbs Ford Road (32,788 cars per day) offers easy access to I-65 (70,862 cars per day), ensuring high traffic volume. The property benefits significantly from its proximity to the entrance of the prestigious Robert Trent Jones Capitol Hill Golf Course, which hosts 80,000 rounds of golf annually, and also serves as an LPGA venue attracting 40,000 spectators. This strategic location provides exceptional exposure and potential for a thriving business. The property is located in Elmore County and is offered as a single-tenant retail space. All existing equipment is included, making this a truly move-in ready establishment. This is an exceptional opportunity for a restaurant operator seeking a well-maintained, high-traffic location with significant existing infrastructure.

• CAP approach

  CAP return

  Valuation

  6%

  $776,124

  6.5%

  $716,422

  7%

  $665,249

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,704,122

  Geo Method

  $1,963,747

• Alternative Use

  Use

  Valuation

  Residential

  $604,328

  Hospitality

  $553,562

  Educational

  $460,557

  Medical

  $476,396

  Retail

  $716,422

Location Insight

City

Prattville

County

Elmore

State

Alabama

Latitude

32.4607

Longitude

-86.4

CBSA code

33860

CBSA name

MONTGOMERY, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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