Property profile

436 Shatley Springs Rd Crumpler, NC 28617

OFF-MARKET
Commercial real estate
11,850 SF 68.25 ac lot Built 1920
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Property summary

AI-generated overview

This exceptional investment opportunity encompasses the renowned Shatley Springs Restaurant, established in 1920, and its accompanying properties situated on a sprawling 68.25-acre lot in Crumpler, NC. The main restaurant building boasts 11,850 square feet and enjoys extensive road frontage along US Hwy 16 N, Shatley Springs Rd, and Shelter Baptist Church Rd. The property includes seven beautifully renovated Airbnb cabins, five additional smaller cabins suitable for retail use (gift shops, ice cream parlor, etc.), and two one-bedroom homes currently used as rentals. The property also features a picturesque lake/pond. Recent improvements (2022-2023) enhance its appeal. The sale includes the established social media presence (over 40,000 Facebook followers), website, and the well-known Shatley Springs name. This versatile property presents numerous possibilities, including continued operation as a restaurant, expansion into wedding venue, winery, or other hospitality ventures. The established rental income streams from the cabins and homes provide immediate return on investment. The property's history, charm, and prime location make it a unique and potentially lucrative investment. Priced at $1,950,000.

Property profile

Verified
Property type Commercial real estate
Year built 1920
Total area 11,850 SF
Lot 68.25 ac (2,972,970 SF)

Cap rate & NOI

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

Location

436 Shatley Springs Rd Crumpler, NC 28617
Crumpler 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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