Renovated Brewery and Event
803 E Nash St, Spring Hope, NC 27882
For Sale
$900,000
Flexible brewery property with equipped kitchen, indoor gathering areas, outdoor beer garden, and performance space.
Property Size5,301 SF
Lot Size1.38 Acres
Price / SF$169.78
Days on Market84
Property Features for 803 E Nash St
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Highway Access
Road Access
Utilities to Site
Restaurant
Commercial Hood
Patio
Equipment Included
Building Details
Year Built
Buildings
Listing Agency:
Generations Real Estate
Listed By:
Marie H. Burrell · License #295711
(919) 492-4478
Source:
Searchhomesinnorthcarolina
Added: Aug 18
Changed: Nov 1
Last Checked: Nov 8 at 7:35AM
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 Generations Real Estate
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Investment Insights
Based on property information with market context.
Built in 1951 and extensively updated during 2024-2025, this 5,301-square-foot brewery property combines food service, beverage production, dining, and event infrastructure. The building contains 3,573 square feet of heated and cooled area plus a 1,728-square-foot former brewhouse with high ceilings, floor drains, and three access points. Interior spaces include a taproom, beer hall, commercial kitchen, beverage room, service areas, two walk-in coolers, and a 13-tap system. Kitchen improvements include a high-capacity hood and ventilation system, grill, cooktop, fryer, dishwasher, prep areas, and expo stations. Three-phase electrical service, five HVAC systems, three Rinnai tankless water heaters, and four ADA-accessible restrooms support the facility.
The 1.38-acre property includes an enclosed beer garden with a covered stage and additional uncovered seating. A French drain system manages stormwater along the rear of the building. Frontage on E Nash Street/US-64 Business provides access to US-64 and I-87, connecting the property with Rocky Mount, Raleigh, and the greater Triangle. Any future changes remain subject to applicable zoning and approvals.
The 1.38-acre property includes an enclosed beer garden with a covered stage and additional uncovered seating. A French drain system manages stormwater along the rear of the building. Frontage on E Nash Street/US-64 Business provides access to US-64 and I-87, connecting the property with Rocky Mount, Raleigh, and the greater Triangle. Any future changes remain subject to applicable zoning and approvals.
Key Highlights
- 5,301‑square‑foot building with 3,573 square feet of heated and cooled space
- 1,728‑square‑foot former brewhouse with high ceilings, floor drains, and three access points
- Extensive renovations and improvements completed in 2024‑2025
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,650
Cap Rate
5.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,073,000
$1.1M
Cap Rate 7%
$766,429
$766.4K
Cap Rate 9%
$596,111
$596.1K
Market Conditions
NOI Build-Up for 5,301 SF
Gross rent
$76.3K $14.40/SF
− Vacancy
−$4.8K −$0.91/SF
EGI
$71.5K $13.49/SF
− OpEx
−$17.9K −$3.37/SF
NOI
$53.6K $10.12/SF
Area
Nash County, NC
Vacancy
6.29%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,073,000
Cap Rate 7%
$766,429
Cap Rate 9%
$596,111
Alternative Uses
Best Use
Specialty Retail
$766.4K
$670.6K – $894.2K
NOI $53,650 @ 7.0% cap · market cap 5.96%
Second Best
Industrial
$491.4K
$430.0K – $573.3K
NOI $34,397 @ 7.0% cap · market cap 3.82%
Theoretical Best
Office A
$1.75M
$1.53M – $2.04M
NOI $122,341 @ 7.0% cap · market cap 13.59%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Yes
Commercial hood
Location Intelligence
Trade Area within ½ mile
141
Businesses Nearby
Explore this area
Business Placement
Demographics for 27882, NC
7,648
Population
3,898
Households
2
Avg Household Size
43
Median Age
14%
College-Educated
84%
High-School Grad
103.6 sq mi
ZIP Area
74
Density / Sq Mi
$55,972
Median Household Income
$41,296
Median Earnings
$822
Median Rent
$161,700
Median Home Value
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Brewery - Flexible brewery property with equipped kitchen, indoor gathering areas, outdoor beer garden, and performance space.
Where is this brewery located?
The property is located at 803 E Nash St Spring Hope, NC.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: 5,301‑square‑foot building with 3,573 square feet of heated and cooled space; 1,728‑square‑foot former brewhouse with high ceilings, floor drains, and three access points; Extensive renovations and improvements completed in 2024‑2025
