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Updated Restaurant with Kitchen Equipment

2146 Nc 102 E, Ayden, NC 28513

For Sale
$650,000

Commercial Sale, Ayden, NC

Property Size2,222 SF
Lot Size1.59 Acres
Price / SF$292.53
Days on Market310

Property Features for 2146 Nc 102 E

General Information

Property type Commercial Sale
Property subtype Other
Zoning GC
Parking 40
Subdivision Not In Subdivision
Lot features Corner Lot
Directions Take County Home Rd to NC Hwy 102 Grill at the corner of the intersection, or take NC Hwy 102 E out of Ayden and Grill at the intersection with County Home Rd
Standard status Active
APN 91018
Size 2,222 SF
Lot size 1.59 Acres

Taxes and HOA fees

Tax Year 2026
Tax Description 102 GRILL
Legal Description 102 GRILL

Utilities

Utilities Water Available
Sewer type Septic Tank
Heating system Heat Pump (Heating), Electric (Heating)
Cooling system Central Air
Water source Public

Building Details

Year built 1968
Flooring type Concrete
Building materials Vinyl Siding, Wood Frame
Roof type Shingle
Listing Agency: Tyre Realty Group Inc.
Listed By: Homer Tyre · License NC #209081
Added: Jan 5 Changed: Oct 30 Last Checked: Nov 10 at 11:06AM
MLS# 100547514

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

Rey
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Review the available facts, identify missing information and prepare questions for the agent.

Investment Insights

Based on property information with market context.

This 2,222-square-foot restaurant property occupies a 1.59-acre corner lot and includes kitchen equipment and furnishings. The building has a wood-frame structure with vinyl siding, concrete flooring, a shingle roof, central air, and electric heat pump service. Improvements completed in 2021 included a new septic system, kitchen equipment, siding, windows and doors, and HVAC components.

The facility is approved by the health department for 75 seats and provides 40 parking spaces. Public water is available, with a septic tank serving the property. GC zoning supports the existing restaurant use, while the site includes room for expansion. Constructed in 1968, the property is located in Ayden, North Carolina.

Key Highlights

  • 1.59‑acre corner lot with room for expansion
  • 2,222‑square‑foot restaurant building
  • Health department approval for 75 seats

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$28,737
Cap Rate
4.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$574,740 $574.7K
Cap Rate 7%
$410,529 $410.5K
Cap Rate 9%
$319,300 $319.3K
Market Conditions
NOI Build-Up for 2,222 SF
Gross rent
$40.0K $18.00/SF
− Vacancy
−$1.7K −$0.76/SF
EGI
$38.3K $17.24/SF
− OpEx
−$9.6K −$4.31/SF
NOI
$28.7K $12.93/SF
Area
Pitt County, NC
Vacancy
4.20%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$574,740
Cap Rate 7%
$410,529
Cap Rate 9%
$319,300

Alternative Uses

Best Use
Specialty Retail
$410.5K
$359.2K – $479.0K (±1% cap)
NOI $28,737 @ 7.0% cap · market cap 4.42%
Second Best
Retail
$269.0K
$235.3K – $313.8K (±1% cap)
NOI $18,827 @ 7.0% cap · market cap 2.90%
Theoretical Best
Office A
$483.7K
$423.2K – $564.3K (±1% cap)
NOI $33,859 @ 7.0% cap · market cap 5.21%
Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Conventional restaurants

Suggested Use

Top Pick Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

4
Businesses Nearby
Well-served
Demand for This Use

Demographics for 28513, NC

10,006
Population
4,855
Households
2.1
Avg Household Size
42
Median Age
21%
College-Educated
89%
High-School Grad
88.9 sq mi
ZIP Area
113
Density / Sq Mi
$54,534
Median Household Income
$38,818
Median Earnings
$778
Median Rent
$150,500
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025

Frequently Asked Questions

What type of property is this?
Conventional restaurant - Freestanding restaurant on a corner parcel with GC zoning, public water, and septic service.
Where is this conventional restaurant located?
The property is located at 2146 Nc 102 E Ayden, NC.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 1.59‑acre corner lot with room for expansion; 2,222‑square‑foot restaurant building; Health department approval for 75 seats
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Includes: Price & PSF · Cap rate · Location · Zoning

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