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    OFF-MARKET
    Commercial real estate

    4370 Old Nc Hwy 16 Hwy, Lansing, NC 28643

    1,480 SF 0.25 ac lot Built 1954
    Property ID
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Commercial real estate
    Year built 1954
    Total area 1,480 SF
    Lot 0.25 ac (10,890 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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