Mixed-Use Restaurant and
8 North Broad Street East Angier, NC 27501
8 North Broad Street East, Angier, NC, 27501
$849,999
For Sale
$849,999
Two-level hospitality property includes a deli/restaurant on the main level and a fully operational upstairs speakeasy-style venue.
Property Size2,775 SF
Price / SF$306.31
Days on Market22
Property Features for 8 North Broad Street East
General Information
- Standard status
- Active
- Size
- 2,775 SF
- Property subtype
- Commercial Sale / Mixed Use
Building Details
- Year Built
- 1920
Listing agency
HomeSmart Expert Realty
(919) 391-6377
Listed by
Jonathan Edmiston · License #290634
(919) 391-6377
Source
Compass
Added: Jul 2 Updated: Jul 22 at 1:31AM Checked: Jul 22 at 10:05AM
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 HomeSmart Expert Realty
Investment Insights
Based on property information with market context.
This for-sale mixed-use commercial property combines real estate with two established operating businesses. The main level is set up for a deli and restaurant concept, while the upper level is a fully operational speakeasy-style venue for cocktails, entertainment, private events, and special gatherings.
The offering includes the commercial building as well as business assets, furnishings, fixtures, equipment, goodwill, and operational components intended to support a seamless transition to new ownership. Shown by appointment only.
Located at 8 North Broad Street East in Angier, the property is described as positioned prominently in downtown Angier.
The offering includes the commercial building as well as business assets, furnishings, fixtures, equipment, goodwill, and operational components intended to support a seamless transition to new ownership. Shown by appointment only.
Located at 8 North Broad Street East in Angier, the property is described as positioned prominently in downtown Angier.
Key Highlights
- Two‑story mixed‑use hospitality property with deli/restaurant on the main level and an upstairs speakeasy‑style venue
- Year built 1920; main level and upstairs both described as fully operational businesses
- Broad Street location in downtown Angier with prominent placement in the center of downtown
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $47.3k | $17.04 |
| − Vacancy | −$2.9k | −$1.06 |
| EGI | $44.4k | $15.98 |
| − OpEx | −$11.1k | −$4.00 |
| NOI | $33.3k | $11.99 |
2,775 SF · lease $17.04/SF/yr · vacancy 6.20% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$475.2K
$415.8K – $554.4K
NOI $33,266 @ 7.0% cap · market cap 3.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$604.1K
$528.6K – $704.8K
NOI $42,286 @ 7.0% cap · market cap 4.97%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Brick & Mortar Grill
Restaurant
Breeden Law Office
Law Firm
Suzanne Langley Bridal
Wedding Service
BMG brews
Cafe & Coffee Shop
Similar For Sale Nearby
FAQs
What type of property is this?
Conventional restaurant - Two-level hospitality property includes a deli/restaurant on the main level and a fully operational upstairs speakeasy-style venue.
Where is this conventional restaurant located?
The property is located at 8 North Broad Street East Angier, NC.
What is the asking price?
The asking price for this property is $849,999.
What are key features of this property?
This property features: Two‑story mixed‑use hospitality property with deli/restaurant on the main level and an upstairs speakeasy‑style venue; Year built 1920; main level and upstairs both described as fully operational businesses; Broad Street location in downtown Angier with prominent placement in the center of downtown
