7601 Parkway DrLeeds, AL 35094

  • Drive through restaurants
  • 6,300 SF
For Sale
$350,000 View listing

Property Details for 7601 Parkway Dr

Year built
1978
Lot size
0.44 AC
Property size (Sq ft)
6,300 SF
Zone code
R3
Property type
Drive through restaurants
APN
25-00-21-2-010-004.001
APU
2500212010004001

Description

This exceptional Leeds, Alabama restaurant presents a unique investment opportunity. The 3,164 square foot building, constructed in 1978, sits on a generous 2.61-acre lot and is ideally situated for continued success. The property boasts a versatile layout, ample parking, and is zoned R3 and B2, offering flexibility for various uses. The well-maintained building offers significant potential for customization and expansion, catering to a range of hospitality concepts. Its prime location in the thriving Leeds area ensures high visibility and accessibility. This turnkey opportunity includes the business, real estate, and fixtures, fittings, and equipment (FF&E), providing a seamless transition for a new owner. The established presence in a vibrant community, combined with the ample space and expansive lot, presents a compelling prospect for entrepreneurs seeking to establish or relocate a thriving restaurant business. This is a chance to acquire a distinctive property with significant growth potential in a dynamic market. The property's history and existing infrastructure provide a solid foundation for future success. Don't miss this chance to own a piece of Leeds's vibrant culinary scene.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,958,742
    6.5%
    $1,808,069
    7%
    $1,678,922
  • Comparable approach

    Method
    Valuation
    Relative Method
    $2,586,041
    Geo Method
    $3,096,772
  • Alternative Use

    Use
    Valuation
    Residential
    $1,525,174
    Hospitality
    $1,397,051
    Educational
    $1,162,330
    Medical
    $1,202,305
    Retail
    $1,808,069

Location Insight

City
Leeds
County
Jefferson
State
Alabama
Latitude
33.5457
Longitude
-86.5501
CBSA code
13820
CBSA name
BIRMINGHAM-HOOVER, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$2,856
$8,080
$53,740
$61,820
-
$40,400
$268,700
$309,100

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