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    5 Main St Andrews, NC 28901

    Sponsored
    For Sale
    $500,000

    Vacant QSR, 3,353 SF, Drive-Thru

    Property size:
    3,353 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This fee-simple vacant quick-service restaurant (QSR) property presents a compelling investment opportunity in Andrews, North Carolina. Located at 5 Main St, 28901, this 3,353 square foot building sits on a 1.59-acre lot and boasts a convenient drive-thru window. Constructed in 1991, the single-story building offers attractive retrofit economics for a prospective buyer looking to establish a QSR operation. The property benefits from its location in a destination retail trade area, with neighboring major retailers driving significant foot traffic and visibility. A key advantage is the lack of competing quick-service restaurants within a 10-mile radius, presenting a unique opportunity to capture a significant market share. Easy access to the property ensures convenient customer access and operational efficiency. This is an exceptional chance to acquire a well-positioned QSR property in a growing market, priced at $500,000. The property is currently vacant, allowing for immediate customization and branding to suit the buyer's specific needs. The substantial lot size offers ample space for potential expansion or outdoor seating. This turnkey opportunity is ideal for an entrepreneur seeking to establish a thriving QSR business in a prime location.

    Property Features for 5 Main St

    General Information

    Property type
    Restaurants
    Square Feet
    3,353 SF
    Lot Size
    69,260 SF

    Building Details

    Year Built
    1991
    Buildings
    1
    Stories
    1

    HighLights

    • $500,000 asking price for a vacant 3,353 SF QSR building.
    • Fee simple ownership of a 1.59‑acre lot.
    • Features a drive‑thru window.
    • Located near major retailers in a destination retail trade area.
    • Limited QSR competition within a 10‑mile radius.
    • Offers attractive retrofit economics and easy property access.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Andrews
    County
    Cherokee
    State
    North Carolina
    Longitude
    -83.8372966
    Latitude
    35.2022915

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    FAQs

    What type of property is this?
    Restaurant - Vacant QSR, 3,353 SF, Drive-Thru
    Where is this restaurant located?
    The property is located at 5 Main St Andrews, NC.
    What is the asking price?
    The asking price for this property is $500,000.
    What are key features of this property?
    This property features: $500,000 asking price for a vacant 3,353 SF QSR building.; Fee simple ownership of a 1.59-acre lot.; Features a drive-thru window.
    Request Owner's contact information
    5 Main St Andrews, NC 28901
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    Andrews, NC 28901
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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
    5 Main St Andrews, NC 28901
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