Vacant Drive Thru Steak 'n Shake Restaurant | 491 Fob James Dr
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Vacant Drive Thru Steak 'n Shake Restaurant 491 Fob James Dr
5,175 SF 4-Star Retail Building Valley, AL 36854 $1,490,000 ($288/SF)
Investment Highlights
- 12,299 VPD Fob James , 40,000+ VPD 1-85
- In an opportunity zone
- Adjacent to Sportsplex (5 Baseball fields, Soccer fields, Track, Stadium field, Indoor swimming, and Tennis courts)
- Building built in 2016, Drive Thru, Great additional space that can be used for covered outdoor patio/bar area
- Adjacent to successful, above average existing Zaxby's, apartments, and a new planned residential development
- Additional 2.3AC available adjacent
Executive Summary
This is a great opportunity to put your brand in this recently built former Steak 'n Shake. Owner operates a successful restaurant next door, this (like many other Steak 'n Shake nationwide) location was closed due to a brand issue. It is in great condition and ready for another restaurant to move in and thrive. Ownership has priced the land and building at a conservative number in order to make this opportunity more attractive to a redevelopment/ rebranding buyer. Call for a tour through the space. Unique to this Steak 'n Shake there is a 1,000 sq ft seating area with glass roll ups that would make an awesome seasonal seating area or bar for a new concept.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Building Size
5,175 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2016
Price
$1,490,000
Price Per SF
$288
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.84 AC
Opportunity Zone
Yes
Zoning
B2 - Commercial
Parking
88 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Courtyard
- Dedicated Turn Lane
- Freeway Visibility
- Restaurant
- Tenant Controlled HVAC
- Drive Thru
- Storage Space
- Air Conditioning
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 17-06-14-0-001-001.030 | Improvements Assessment | $207,520 |
| Land Assessment | $57,880 | Total Assessment | $265,400 |
PROPERTY TAXES
Parcel Number
17-06-14-0-001-001.030
Land Assessment
$57,880
Improvements Assessment
$207,520
Total Assessment
$265,400
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Vacant Drive Thru Steak 'n Shake Restaurant | 491 Fob James Dr
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