Restaurant Building with Beer
803 E Nash Street, Spring Hope, NC 27882
For Sale
$825,000
Commercial Sale, Spring Hope, NC
Property Size5,301 SF
Lot Size1.38 Acres
Price / SF$155.63
Days on Market61
Property Features for 803 E Nash Street
General Information
Property type
Property subtype
Zoning
Security features
Exterior features
Fencing
Subdivision
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Utilities
Sewer type
Heating system
Cooling system
Water source
Amenities
beer garden
covered stage/performance area
uncovered seating area
Building Details
Year built
Floors in Building
Flooring type
Building materials
Roof type
Buildings
Listing Agency:
LPT Realty, LLC
(877) 366-2213
Listed By:
Marie H. Burrell
(321) 252-7486
Added: Sep 14
Changed: Nov 12
Last Checked: Nov 13 at 11:06PM
MLS# 10192878
Copyright © 2026 Doorify MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Configured for restaurant and beverage operations, the 5,301-square-foot block building contains 3,573 square feet of heated and cooled space alongside a 1,728-square-foot former brewhouse. Interior areas include a taproom, beer hall, commercial kitchen, beverage room and service spaces. The kitchen has a commercial hood and ventilation system, grill, cooktop, fryer, dishwasher and prep stations. Additional equipment includes two walk-in coolers and a 13-tap system. Five HVAC systems serve designated areas, and three-phase electrical service supports the building. Four restrooms are ADA-accessible. Extensive renovations and improvements took place in 2024-2025; the original building dates to 1951.
The outdoor area includes an enclosed beer garden with a covered stage and open-air seating. The property comprises two parcels totaling 1.38 acres, with frontage on E Nash Street/US-64 Business and access to US-64/I-87. Zoning is Industrial. Public water and sewer serve the property.
The outdoor area includes an enclosed beer garden with a covered stage and open-air seating. The property comprises two parcels totaling 1.38 acres, with frontage on E Nash Street/US-64 Business and access to US-64/I-87. Zoning is Industrial. Public water and sewer serve the property.
Key Highlights
- 5,301‑square‑foot building with 3,573 square feet of heated and cooled space
- 1,728‑square‑foot former brewhouse with floor drains and three access points
- Two parcels totaling 1.38 acres; frontage on E Nash Street/US‑64 Business
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,650
Cap Rate
6.50%
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 6.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.75M
$1.53M – $2.04M
NOI $122,341 @ 7.0% cap · market cap 14.83%
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
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
39k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 42%
Groceries 34%
Dining 24%
Food Lion Grocery Store
Groceries
13,332 visits/mo
0.3 miles
Burger King
Dining
7,375 visits/mo
0.2 miles
Dollar General
Shops & Services
6,369 visits/mo
0.2 miles
Dollar Tree
Shops & Services
5,700 visits/mo
0.4 miles
SUBWAY
Dining
2,235 visits/mo
0.3 miles
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
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
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Distinct dining, beverage, kitchen and gathering areas accommodate food service and event functions.
Where is this conventional restaurant located?
The property is located at 803 E Nash Street Spring Hope, NC.
What is the asking price?
The asking price for this property is $825,000.
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 floor drains and three access points; Two parcels totaling 1.38 acres; frontage on E Nash Street/US‑64 Business
