503 Cloverdale RdMontgomery, AL 36106

Property Details for 503 Cloverdale Rd

Year built

2007

Property size (Sq ft)

5,420 SF

Zone code

B-1-A

Property type

Turn key restaurants

APN

10-04-19-1-003-009.501

APU

1004191003009501

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $1,052,735

  6.5%

  $971,756

  7%

  $902,344

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,316,505

  Geo Method

  $2,664,208

• Alternative Use

  Use

  Valuation

  Residential

  $819,712

  Hospitality

  $750,852

  Educational

  $624,700

  Medical

  $646,184

  Retail

  $971,756

Location Insight

City

Montgomery

County

Montgomery

State

Alabama

Latitude

32.3584

Longitude

-86.2985

CBSA code

33860

CBSA name

MONTGOMERY, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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