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    6891 Highland Blvd Grifton, NC 28530

    Sponsored
    For Sale
    $175,000

    Prime QSR location, vacant, $175,000

    Property size:
    1,550 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1,550-square-foot freestanding restaurant building presents a unique owner-user investment opportunity in Grifton, North Carolina. Located at 6891 S Highland Blvd, this Class C property boasts a fully equipped kitchen, spacious dining area, and ample parking for 20 vehicles. Built in 1964, the single-story structure sits on a lot zoned for Central Business District (CBD) use, offering significant potential for a variety of quick-service restaurant (QSR) concepts. The asking price is $175,000, translating to $112.90 per square foot. Currently vacant, this property is ready for immediate occupancy, eliminating the need for extensive renovations or lease negotiations. The building's single-unit configuration simplifies management and ownership. This is an ideal opportunity for an established restaurant seeking expansion or a new venture looking for a turnkey location in a thriving community. The property's prime location and ample parking ensure high visibility and convenient access for customers. Serious inquiries are encouraged to explore this promising investment.

    Property Features for 6891 Highland Blvd

    General Information

    Property type
    Restaurants
    Square Feet
    1,550 SF
    Class
    C

    Building Details

    Year Built
    1964
    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • $175,000 asking price for this 1,550 SF restaurant.
    • Vacant, 1‑unit, Class C retail building.
    • Located at 6891 S Highland Blvd, Grifton, NC 28530 in a CBD zoning district.
    • Features 20 parking spaces.
    • Owner/user investment opportunity with a price per square foot of $112.90.
    • Built in 1964, single‑story building.
    Property Profile Location Intelligence

    Current Use by Public Records

    Los Caminitos Mexican ... Mexican Restaurant

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Auto Repair Shop Hair Salon Clothing Store Nail Salon Auto Parts Store Kitchen & Bath

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

    Location Insight

    • Map
    • Local Demand
    City
    Grifton
    County
    Pitt
    State
    North Carolina
    Longitude
    -77.4396001
    Latitude
    35.3740206

    Nearby Similar for Sale

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      1,886 SF

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      View Details

    FAQs

    What type of property is this?
    Restaurant - Prime QSR location, vacant, $175,000
    Where is this restaurant located?
    The property is located at 6891 Highland Blvd Grifton, NC.
    What is the asking price?
    The asking price for this property is $175,000.
    What are key features of this property?
    This property features: $175,000 asking price for this 1,550 SF restaurant.; Vacant, 1-unit, Class C retail building.; Located at 6891 S Highland Blvd, Grifton, NC 28530 in a CBD zoning district.
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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
    6891 Highland Blvd Grifton, NC 28530
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