436 Shatley Springs Rd Crumpler, NC 28617
- Commercial real estate
- 11,850 SF
- 68.25 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 436 Shatley Springs Rd
- Year built
- 1920
- Lot size
- 68.25 lot acres
- Property size
- 11,850 SF
- Property type
- Commercial real estate
Description
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.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Crumpler
- County
- Ashe
- State
- North Carolina
- Longitude
- -81.4014
- Latitude
- 36.4767
