This exceptional retail property, a former Sonic Drive-In, presents a unique investment opportunity in Fairfield, Alabama. Located at 6625 Aaron Aronov Drive, this QSR/Fast Food site boasts a highly visible position directly across from the Western Hills Mall, ensuring significant foot and vehicle traffic. The property benefits from its adjacency to a Dollar Tree, further enhancing its accessibility and potential customer base. The strategic location is also complemented by its proximity to a newly constructed Milo's Hamburgers, indicating a thriving commercial area with strong consumer demand. The site features a lighted intersection with four convenient points of access, providing ease of entry and exit for customers. The asking price for this prime retail space is $250,000. This presents a compelling opportunity for a quick-service restaurant or similar business seeking a high-traffic location in a well-established commercial area of Jefferson County, Alabama, with a zip code of 35064. The property's geographic coordinates are 33.4702038 latitude and -86.9209254 longitude. This is a turn-key opportunity for an entrepreneur looking to establish or expand their business in a vibrant and accessible location. The property's previous use as a drive-through restaurant suggests existing infrastructure suitable for similar operations.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$1,061,380
6.5%
$979,740
7%
$909,758
Comparable approach
Method
Valuation
Relative Method
$735,898
Geo Method
$881,234
Alternative Use
Use
Valuation
Industrial / Distribution
$1,921,850
Mixed-Use / Specialty
$971,694
Hospitality / Lodging
$706,974
Office
$961,180
Institutional / Educational
$1,008,540
Residential Income
$1,180,000
Multifamily
$1,440,460
Automotive / Energy
$864,466
Parking / Income-Based Land
$302,814
Restaurant / Food Service
$495,670
Healthcare / Senior Housing
$1,001,120
Location Insight
City
Fairfield
County
Jefferson
State
Alabama
Latitude
33.4701
Longitude
-86.9209
CBSA code
13820
CBSA name
BIRMINGHAM-HOOVER, AL METROPOLITAN STATISTICAL AREA
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Aaron Aronov Dr Fairfield, AL 35064
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The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
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