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Property profile

214 Mills St Columbus, NC 28722

OFF-MARKET
Retail properties & Spaces
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0.11 ac lot

Property summary

AI-generated overview

This exceptional opportunity presents the chance to acquire a thriving, established pizza restaurant in the heart of Columbus, NC's Central Business District. Located at 214 E Mills Street, this turnkey operation includes two buildings, each boasting a fully equipped kitchen, providing ample space and capacity to serve up to 122 diners simultaneously. All existing inventory, fixtures, and equipment are included in the sale, minimizing the initial investment required to commence operations. The property sits on a 0.11-acre lot, offering excellent visibility and accessibility. High traffic volume ensures a steady stream of potential customers, with a reported 7,500 vehicles passing daily on Mills Street (2020 state report) and a significantly higher 11,500 vehicles daily at the nearby I-26 interchange. The restaurant's established reputation and strong brand recognition, known as "The Brick," provide a solid foundation for continued success. Furthermore, the property benefits from a recently installed, long-lasting roof – a new 30-year rolled rubber roof was put in place just three years ago, eliminating immediate roof replacement concerns. This is a rare opportunity to own a well-established, profitable business with significant growth potential in a vibrant downtown location. The asking price for this complete package is $750,000.

Property profile

Verified
Property type Retail properties & Spaces
Lot 0.11 ac (4,792 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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