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    The Largest CRE Database in the US with Over 1 Million Listings

    235 N Mosby Ave Littleton, NC 27850

    Sponsored
    For Sale
    $1,995,000

    COMMERCIAL - Littleton, NC

    Property size:
    13,137 SF
    Lot size:
    3.00 Acres
    Days on Market:
    1
    Last Refresh:
    Feb 17 at 2:06 pm

    Property Features for 235 N Mosby Ave

    General Information

    Special listing conditions
    Short Sale
    Property type
    Commercial Sale
    Property subtype
    Other
    TransactionType
    Short Sale
    Standard status
    Active
    Zoning
    Commercial
    APN
    0706269
    Appliances
    Built-In Freezer, Built-In Refrigerator
    Size
    13,137 SF
    Lot size
    3.00 Acres

    Utilities

    Utilities
    Phone Available
    Sewer type
    Public Sewer
    Heating system
    Electric (Heating), Central
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    2018
    Roof type
    Metal

    We can help!

    Listing Contact
    James Hutson
    James Hutson

    The James Hutson Group LLC (919) 342-8538

    Listing agent James Hutson (252) 915-2311

    Listing date Feb 17, 2026

    MLS# 10126474

    Copyright © 2026 Doorify MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Turn-Key Restaurant & Event Facility

    This commercial property in Littleton features a custom-built facility completed in 2018, offering over 13,000 sq ft of space on 3 acres. It is equipped for multiple business ventures, including a full-service restaurant with an expansive dining room, tables, booths, and a bar area. The commercial-grade kitchen includes a walk-in cooler and freezer, professional prep areas, and major equipment. The restaurant was fully operational until Summer 2025. There is a separate retail or service space suitable for a deli, ice cream shop, or coffee bar. A large banquet hall is available for weddings, receptions, private parties, and community events. The rear of the building contains private office spaces, detached storage, and ample paved parking with exterior lighting. A wraparound covered patio accommodates outdoor dining or events. The facility features a metal roof, modern HVAC systems, city water and city sewer, and premium finishes. Located minutes from Lake Gaston, the property benefits from both local and tourist traffic, making it suitable for hospitality, retail, or event-based businesses. The 3 acres will be subdivided off the current track, and the sale is subject to bank approval. Some assumable financing may be available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Grandpa's Kitchen, Lake Gastronomy

    Location Insight

    • Map
    • Local Demand
    City
    Littleton
    County
    Halifax
    State
    North Carolina
    Longitude
    -77.916082
    Latitude
    36.439037

    Nearby Similar for Sale

    • $2,295,000
      13,137 SF

      Turn-Key Restaurant & Event Facility

      13,000+ sq ft multi-restaurant and event facility near Lake Gaston.
      235 N Mosby Ave, Littleton, NC 27850
      View Details
    • $5,000,000
      Pending

      Waterfront Acreage on Lake Gaston

      17 acres of premium waterfront property on Lake Gaston.
      0702673 Weavers Chapel Rd, Littleton, NC 27850
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    • $4,100,000
      13.06 Acres

      Littleton NC Land For Sale

      13.06 acre lot in Littleton, North Carolina.
      108 Elams Rd, Littleton, NC 27850
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    • $200,000
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      Littleton Commercial Land Opportunity

      12.4 Acres, $200,000 - Prime Location
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      View Details

    FAQs

    What type of property is this?
    Restaurant - 13,000+ sq ft facility near Lake Gaston.
    Where is this restaurant located?
    The property is located at 235 N Mosby Ave Littleton, NC.
    What is the asking price?
    The asking price for this property is $1,995,000.
    What are key features of this property?
    This property features: - Turn-key 13,000+ sq ft multi-restaurant and event facility built in 2018; - Includes a full-service restaurant with **commercial-grade kitchen** (walk-in cooler/freezer, professional prep areas, equipment); - Features a **massive banquet hall** suitable for weddings, events, and parties
    (252) 915-2311
    Request Owner's contact information
    235 N Mosby Ave Littleton, NC 27850
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    Littleton, NC 27850
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    235 N Mosby Ave Littleton, NC 27850
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    We can help!
    Listing Contact
    James Hutson
    James Hutson
    Real Estate License ID: 259143
    (252) 915-2311 (252) 226-0992 (919) 301-8853
    Learn more
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