Mixed-Use Restaurant and Office
For Sale
$749,000
8 N Broad Street E, Angier, NC 27501
A ground-floor deli and restaurant operation is paired with four office spaces on the upper level.
Property Size2,775 SF
Price / SF$269.91
Days on Market115
Property Features for 8 N Broad Street E
General Information
Standard status
Active
Size
2,775 SF
Property subtype
Commercial
Zoning
CB
Restaurant
Equipment Included
Yes
Liquor License
Yes
Additional Details
Furnished
Yes
Business Included
Yes
Tenant in Place
Yes
Building Details
Building Size
2,775 SF
Year Built
1920
Buildings
1
Stories
2
Listed By:
Tammy Eggleston
(336) 214-4230
Source:
Egglestonrealestate
Added: Jul 2
Changed: Oct 23
Last Checked: Oct 23 at 12:34PM
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 Tammy Eggleston
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Investment Insights
Based on property information with market context.
This 2,775-square-foot mixed-use building in Angier combines a ground-level deli and restaurant with four office spaces above. One of the offices is currently rented. The upper floor also includes a former speakeasy-style venue with a liquor license. The property dates to 1920 and carries CB zoning.
The sale encompasses the real estate and business-related assets, including furnishings, fixtures, equipment, goodwill, and operational components. The property is located at 8 N Broad Street E in downtown Angier, North Carolina.
The sale encompasses the real estate and business-related assets, including furnishings, fixtures, equipment, goodwill, and operational components. The property is located at 8 N Broad Street E in downtown Angier, North Carolina.
Key Highlights
- 2,775‑square‑foot mixed‑use property in Angier
- Ground floor accommodates a deli and restaurant operation
- Four office spaces upstairs; one is currently rented
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,266
Cap Rate
4.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$665,320
$665.3K
Cap Rate 7%
$475,229
$475.2K
Cap Rate 9%
$369,622
$369.6K
Market Conditions
NOI Build-Up for 2,775 SF
Gross rent
$47.3K $17.04/SF
− Vacancy
−$2.9K −$1.06/SF
EGI
$44.4K $15.98/SF
− OpEx
−$11.1K −$4.00/SF
NOI
$33.3K $11.99/SF
Area
Harnett County, NC
Vacancy
6.20%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$665,320
Cap Rate 7%
$475,229
Cap Rate 9%
$369,622
Alternative Uses
Best Use
Specialty Retail
$475.2K
$415.8K – $554.4K
NOI $33,266 @ 7.0% cap · market cap 4.44%
Second Best
Mixed Use
$281.0K
$245.9K – $327.8K
NOI $19,668 @ 7.0% cap · market cap 2.63%
Theoretical Best
Office A
$604.1K
$528.6K – $704.8K
NOI $42,286 @ 7.0% cap · market cap 5.65%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Turnkey business
Opportunity
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
452
Businesses Nearby
65k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 54%
Shops & Services 33%
Home Improvements & Furnishings 13%
McDonald's
Dining
25,085 visits/mo
0.2 miles
Speedway
Shops & Services
12,510 visits/mo
0.2 miles
Angier Ace Hardware
Home Improvements & Furnishings
8,343 visits/mo
0.2 miles
Hardee's
Dining
7,015 visits/mo
0.4 miles
Truist
Shops & Services
4,005 visits/mo
0.1 miles
Demographics for 27501, NC
20,918
Population
9,104
Households
2.3
Avg Household Size
38
Median Age
24%
College-Educated
82%
High-School Grad
62.8 sq mi
ZIP Area
333
Density / Sq Mi
$71,217
Median Household Income
$40,518
Median Earnings
$1,008
Median Rent
$251,100
Median Home Value
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A ground-floor deli and restaurant operation is paired with four office spaces on the upper level.
Where is this mixed-use property located?
The property is located at 8 N Broad Street E Angier, NC.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: 2,775‑square‑foot mixed‑use property in Angier; Ground floor accommodates a deli and restaurant operation; Four office spaces upstairs; one is currently rented
