Commercial Kitchen
430A North 2nd Avenue, Mayodan, NC 27027
For Sale
Contact for pricing
C2/MY-zoned kitchen property with access to U.S. Highway 220 and established culinary operations.
Property Size864 SF
Price / SF$405.09
Days on Market101
Property Features for 430A North 2nd Avenue
General Information
Standard status
Size
Property subtype
Zoning
Additional Details
Business Included
Highway Access
Building Details
Year Built
Buildings
Stories
Units
Tenancy
Listing Agency:
CENTURY 21 Total Real Estate Solutions
Listed By:
Kim Martin · License NC #202186
(336) 451-0064
Source:
Crexi
Added: Aug 2
Changed: Nov 9
Last Checked: Nov 10 at 7:13AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CENTURY 21 Total Real Estate Solutions
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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 commercial kitchen property includes dedicated food-preparation areas, working space, storage, and utility infrastructure for food production. The facility was built in 1970 and is identified as an 864-size property in the listing data. An established Mediterranean catering operation conveys with the offering, including its recipes and culinary business. Other culinary businesses also use space within the facility, supporting additional rental income.
Located at 430A North 2nd Avenue in Mayodan, the property offers access to U.S. Highway 220 for regional distribution and connectivity. C2/MY zoning supports its commercial-kitchen positioning, while the existing kitchen improvements provide an operational base for the current food-service activities.
Located at 430A North 2nd Avenue in Mayodan, the property offers access to U.S. Highway 220 for regional distribution and connectivity. C2/MY zoning supports its commercial-kitchen positioning, while the existing kitchen improvements provide an operational base for the current food-service activities.
Key Highlights
- Commercial kitchen property at 430A North 2nd Avenue, Mayodan, NC 27027
- C2/MY zoning
- Built in 1970
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,610
Cap Rate
3.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$232,200
$232.2K
Cap Rate 7%
$165,857
$165.9K
Cap Rate 9%
$129,000
$129.0K
Market Conditions
NOI Build-Up for 864 SF
Gross rent
$16.4K $18.96/SF
− Vacancy
−$901 −$1.04/SF
EGI
$15.5K $17.92/SF
− OpEx
−$3.9K −$4.48/SF
NOI
$11.6K $13.44/SF
Area
Rockingham County, NC
Vacancy
5.50%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$232,200
Cap Rate 7%
$165,857
Cap Rate 9%
$129,000
Alternative Uses
Best Use
Specialty Retail
$165.9K
$145.1K – $193.5K
NOI $11,610 @ 7.0% cap · market cap 3.32%
Second Best
Industrial
$76.3K
$66.8K – $89.1K
NOI $5,344 @ 7.0% cap · market cap 1.53%
Theoretical Best
Office A
$284.9K
$249.3K – $332.3K
NOI $19,940 @ 7.0% cap · market cap 5.70%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Turnkey business
Opportunity
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
117
Businesses Nearby
Explore this area
Business Placement
Demographics for 27027, NC
4,006
Population
2,191
Households
1.8
Avg Household Size
51
Median Age
13%
College-Educated
79%
High-School Grad
21.2 sq mi
ZIP Area
189
Density / Sq Mi
$45,865
Median Household Income
$40,726
Median Earnings
$646
Median Rent
$116,500
Median Home Value
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Commercial kitchen - C2/MY-zoned kitchen property with access to U.S. Highway 220 and established culinary operations.
Where is this commercial kitchen located?
The property is located at 430A North 2nd Avenue Mayodan, NC.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Commercial kitchen property at 430A North 2nd Avenue, Mayodan, NC 27027; C2/MY zoning; Built in 1970
