4370 Old Nc Hwy 16 Hwy, Lansing, NC 28643
This exceptional 1,480 square foot commercial property, situated on a 0.25-acre lot at 4370 Old NC Highway 16 in Lansing, NC, presents a unique investment opportunity. Previously operating as a well-loved local eatery, this building is now available for purchase, complete with land and existing inventory (inventory removal is negotiable). Conveniently located just 4 miles from Jefferson, 6 miles from downtown West Jefferson, and 5 miles from Lansing, the property boasts excellent visibility and high local traffic volume. The building itself includes two restrooms (one with a full shower), a washer/dryer hookup, and a compact kitchen. A spacious unfinished basement offers additional storage or expansion potential. A paved parking lot ensures convenient customer access. The property's versatility allows for a wide range of potential uses, including, but not limited to: a bait shop, kayak/canoe rental, barber shop, consignment store, tattoo parlor, or hardware store. Alternatively, the building could be remodeled for residential use. Note that a stream runs behind the property, and a portion of the land is located within a flood zone. This established business in a thriving community offers a rare chance to own a piece of local history and build upon its existing success. Priced at $239,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.