19115 3Rd StCitronelle, AL 36522

Property Details for 19115 3Rd St

Year built

1974

Lot size

0.41 AC

Property size (Sq ft)

2,484 SF

Property type

Retail properties

Property subtype

Drive through restaurants

APN

04 07 36 3 000 049.01X

APU

040736300004901X

Description

This exceptional turnkey restaurant opportunity in Citronelle, Alabama, presents a unique chance to acquire a fully operational dining establishment. Situated on a 0.42-acre lot at 19115 3rd Street S, the property boasts a substantial 2386 square foot interior. The sale includes all existing appliances and furnishings, eliminating the need for significant upfront investment. The comprehensive inventory encompasses essential kitchen equipment such as stoves and vent hoods, ensuring a seamless transition for the new owner. Furthermore, the sale includes all dining room furniture, including tables and chairs, ready to accommodate patrons. A significant asset included in the sale is a high-end cappuccino machine, independently valued at approximately $17,000. This ready-to-operate restaurant presents a compelling opportunity for an experienced restaurateur or a first-time business owner seeking a fully equipped and established operation. The property's location in Citronelle offers access to a local customer base and potential for growth. This is a rare opportunity to acquire a profitable business with minimal start-up costs. The asking price of $300,000 reflects the value of the property, equipment, and established business. Serious inquiries are encouraged to explore this promising venture.

• CAP approach

  CAP return

  Valuation

  6%

  $543,950

  6.5%

  $502,108

  7%

  $466,243

• Comparable approach

  Method

  Valuation

  Relative Method

  $455,512

  Geo Method

  $445,001

• Alternative Use

  Use

  Valuation

  Residential

  $423,547

  Hospitality

  $387,966

  Educational

  $322,783

  Medical

  $333,884

  Retail

  $502,108

Location Insight

City

Citronelle

County

Mobile

State

Alabama

Latitude

31.0898

Longitude

-88.2385

CBSA code

33660

CBSA name

MOBILE, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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