Income-Producing Restaurant & Event Venue | Muscle Shoals

For Sale

702 Michigan Ave, Muscle Shoals, AL 35661

This Muscle Shoals property for sale is located at 702 Michigan Ave. The current listed sale price for Income-Producing Restaurant & Event Venue | Muscle Shoals is $239,900. Income-Producing Restaurant & Event Venue | Muscle Shoals is situated on a lot that is 0.2 acre in size.

Contacts

Justin Bishop, CCIM

Pounders & Associates

Property Details

  • Property Type Retail - Restaurant
  • Property Size 4,811 SF
  • Lot Size 0.2 Acre
  • Property Tenancy Single Tenant
  • Year Built 1981
  • Year Renovated 2023
  • Date Updated Sep 23, 2026
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.
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Highlights

  • 7.25% cap
  • Dining room/bar area
  • Extremely low basis
  • Off street parking
  • Restaurant Space

Getting around

  • 60/100

    Walk Score ®

  • 45/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Muscle Shoals, AL
  • Zip Code 35661

Points of Interest

  • Murphy USA

    0.54 miles

  • Chevron

    0.74 miles

  • Shell

    0.75 miles

  • Texaco

    1.31 miles

  • Kangaroo Gas Station

    1.67 miles

  • Paradise Gas Station

    1.68 miles

  • Circle K

    1.95 miles

  • ChargePoint

    2.52 miles

  • Midsouth Propane

    2.84 miles

  • Tesla Supercharger

    6.63 miles

  • Railroad Bridge Parking

    2.13 miles

  • TVA Nature Trail

    2.25 miles

  • CCC Pavilion Parking

    2.51 miles

  • Fisherman's Trail Parking

    2.55 miles

  • Riverfront Park Boat Launch Parking

    2.96 miles

  • Florence Municipal Parking Garage

    3.64 miles

  • Rockpile Waterfall Parking

    3.65 miles

  • Wilson Dam Visitors Center and Trail Parking

    3.75 miles

  • Florence-Lauderdale Public Library

    3.86 miles

  • Parking Lot Q

    3.92 miles

  • Wendy's

    0.12 miles

  • McDonald's

    0.17 miles

  • Highway 55

    0.18 miles

  • Alabama Bliss Coffee Bistro & Boutique

    0.19 miles

  • Momma Goldberg's Deli

    0.21 miles

  • The Donut Shop

    0.23 miles

  • Sweet Peppers Deli

    0.23 miles

  • Wing Shack

    0.24 miles

  • Ruby Tuesday

    0.24 miles

  • Garden Gate Café

    0.25 miles

  • Southgate Mall

    0.38 miles

  • ALDI

    0.39 miles

  • Walmart Supercenter

    0.49 miles

  • Publix

    1.23 miles

  • FoodLand

    1.43 miles

  • Oriental Pearl

    3.64 miles

  • Fred's

    3.80 miles

  • Walmart Neighborhood Market

    4.82 miles

  • El Patron Tienda Mexicana

    4.97 miles

  • Hometown Market

    5.07 miles

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