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    4370 Old Nc Hwy 16 Hwy Lansing, NC 28643

    Sponsored
    For Sale
    $239,000

    Established Business, High Traffic Area, Multiple Uses

    Property size:
    1,480 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional 1,480 square foot commercial property, situated on a 0.25-acre lot at 4370 Old NC Highway 16 in Lansing, NC, presents a unique investment opportunity. Previously operating as a well-loved local eatery, this building is now available for purchase, complete with land and existing inventory (inventory removal is negotiable). Conveniently located just 4 miles from Jefferson, 6 miles from downtown West Jefferson, and 5 miles from Lansing, the property boasts excellent visibility and high local traffic volume. The building itself includes two restrooms (one with a full shower), a washer/dryer hookup, and a compact kitchen. A spacious unfinished basement offers additional storage or expansion potential. A paved parking lot ensures convenient customer access. The property's versatility allows for a wide range of potential uses, including, but not limited to: a bait shop, kayak/canoe rental, barber shop, consignment store, tattoo parlor, or hardware store. Alternatively, the building could be remodeled for residential use. Note that a stream runs behind the property, and a portion of the land is located within a flood zone. This established business in a thriving community offers a rare chance to own a piece of local history and build upon its existing success. Priced at $239,000.

    Property Features for 4370 Old Nc Hwy 16 Hwy

    General Information

    Property type
    Other commercial real estate
    Square Feet
    1,480 SF
    Lot Size
    10,890 SF

    Building Details

    Year Built
    1954
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Lansing
    County
    Ashe
    State
    North Carolina
    Longitude
    -81.43921
    Latitude
    36.46986

    FAQs

    What type of property is this?
    Commercial real estate - Established Business, High Traffic Area, Multiple Uses
    Where is this commercial real estate located?
    The property is located at 4370 Old Nc Hwy 16 Hwy Lansing, NC.
    What is the asking price?
    The asking price for this property is $239,000.
    (336) 846-1076
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    Realmo Value Estimation

    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.

    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.

    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
    4370 Old Nc Hwy 16 Hwy Lansing, NC 28643
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