Property profile

4370 Old Nc Hwy 16 Hwy Lansing, NC 28643

OFF-MARKET
Commercial real estate
1,480 SF 0.25 ac lot Built 1954
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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

Location

4370 Old Nc Hwy 16 Hwy Lansing, NC 28643
Lansing metro
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Value estimations

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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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