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    FOR LEASE
    Commercial real estate

    23122 Nc Hwy 109, Denton, NC 27239-7869

    7,800 SF 5.02 ac lot Built 1968
    Entity Owned 1-yr Hold Free & Clear
    Property ID
    US53-0925814
    Property summary
    AI-generated overview

    This exceptional 5.02-acre property located at 23122 NC Highway 109, Denton, NC, presents a unique investment opportunity. Formerly known as Willow Falls, this rustic and charming venue boasts ample indoor and outdoor space, catering to diverse customer preferences. The main building includes a fully functional bar, a sizable kitchenette area, separate men's and women's restrooms, a dedicated bridal suite, and a groom's room. All the essential elements for a successful event space are already in place. Furthermore, a substantial separate storage building offers significant expansion potential. This structure could be maintained as is, or creatively repurposed to increase the venue's capacity and functionality, generating additional revenue streams. The property's existing infrastructure and versatile layout provide a solid foundation for a thriving business. The asking price for this turnkey event venue is $625,000. This presents a rare chance to acquire an established business with significant upside potential in a desirable location. The property is zoned for commercial use and is ready for immediate occupancy. Don't miss this opportunity to own a piece of Denton's vibrant event scene.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Year built 1968
    Construction FRAME
    Total area 7,800 SF
    Lot 5.02 ac (218,671 SF)
    Zoning code HC
    APN 02-005-0-000-0026
    UPID US53-0925814
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Denton Property LLC · 1 yrs held
    Denton Property LLC
    since 2025
    Last sale
    $495,000
    6 recorded transactions
    2025
    $495,000
    2023
    $390,000
    2021
    $205,000
    2014
    $48,000
    2013
    $42,000
    2006
    $85,000
    Zoning & alternative use
    HC · Denton, NC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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