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    274 Graham Hopedale Rd Burlington, NC 27217

    Sponsored
    For Sale
    $895,900

    Burlington, NC Mixed-Use Redevelopment

    Property size:
    8,700 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 8,700 square foot mixed-use property, located at 274 North Graham Hopedale Road in Burlington, North Carolina, presents a unique redevelopment opportunity. The building, constructed in 1957 and extensively renovated in 2023, offers a versatile "vanilla shell" interior, ideal for a variety of uses. Currently vacant, this three-unit, three-story Class B building sits on a 1.194-acre lot and boasts 7,441 square feet of net rentable space. The asking price is $895,900, translating to $102.98 per square foot. Its prime location on the busy Graham Hopedale and US 70 corridor offers high visibility and accessibility, situated near government buildings and Alamance Health & Human Services. The property's zoning allows for diverse uses, including restaurants, medical offices, dental practices, and other essential services. The potential for an additional building pad on the sizable lot adds significant upside potential, making this an attractive owner-occupied investment or build-to-suit project. The property is offered with a gross lease type. This is a rare opportunity to acquire a newly renovated building in a high-traffic area with substantial growth potential. The property consists of three parcels.

    Property Features for 274 Graham Hopedale Rd

    General Information

    Property type
    Individual retail properties
    Square Feet
    8,700 SF
    Class
    B
    Lot Size
    52,011 SF

    Building Details

    Year Built/Renovated
    1957/2023
    Buildings
    1
    Stories
    3
    Units
    3

    HighLights

    • 8,700 SF mixed‑use building on 1.19‑acre lot in Burlington, NC.
    • Newly renovated (2023) "vanilla shell" interior, ideal for various uses.
    • Three‑unit, three‑story Class B building with 7,441 SF of net rentable space.
    • Asking price: $895,900 ($102.98/SF).
    • High‑visibility location on Graham Hopedale Rd & US 70, near government buildings.
    • Zoned for diverse uses, including restaurants and medical offices.
    Property Profile Location Intelligence

    Current Use by Public Records

    Carreno Development Project Restaurant

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Burlington
    County
    Alamance
    State
    North Carolina
    Longitude
    -79.4063737
    Latitude
    36.0995947

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    FAQs

    What type of property is this?
    Individual retail property - Burlington, NC Mixed-Use Redevelopment
    Where is this individual retail property located?
    The property is located at 274 Graham Hopedale Rd Burlington, NC.
    What is the asking price?
    The asking price for this property is $895,900.
    What are key features of this property?
    This property features: 8,700 SF mixed-use building on 1.19-acre lot in Burlington, NC.; Newly renovated (2023) "vanilla shell" interior, ideal for various uses.; Three-unit, three-story Class B building with 7,441 SF of net rentable space.
    Request Owner's contact information
    274 Graham Hopedale Rd Burlington, NC 27217
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    Burlington, NC 27217
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    274 Graham Hopedale Rd Burlington, NC 27217
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