Income-Producing Restaurant & Event Venue | Muscle Shoals

Located on Michigan Ave accessible from Woodward (turn beside Wendy's) or Avalon (turn at the light on John R)This income-producing property offers a recently renovated 4,811 SF building in the heart of Muscle Shoals, fully built out for restaurant and event use. Formerly home to The Victorian Tea Room, the property features a large commercial kitchen, waiting area, bar, and spacious dining/event area. The building also offers private off-street parking for 20+ vehicles. The property is currently occupied with lease term through 9/2028, providing an opportunity for an investor to acquire an existing income-producing asset with a functional restaurant/venue buildout in place. The current in-place NOI is estimated at $17,411.52, reflecting a 7.25%+ cap rate based on the asking price, with an attractively low basis of ± $49.86 PSF.