Property profile

3866 Railroad Grade Rd Todd, NC 28684

OFF-MARKET
Commercial real estate
0.64 ac lot Built 1865
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Property summary

AI-generated overview

This unique 0.64-acre property in Todd, NC, presents a remarkable redevelopment opportunity. Located at 3866 Railroad Grade Road, it encompasses two parcels: the former site of the historic Todd General Store (currently featuring a derelict home) and a flat, water-adjacent parcel extending from Todd Park to the Big Hill Rd bridge and New River intersection. The general store building was destroyed by fire, leaving a prime location ideal for a tourism-oriented business. Imagine a revitalized storefront, perhaps a restaurant or cafe, capitalizing on the high visibility and proximity to the river and park. The property includes a fully operational 32-seat septic system, simplifying the permitting process for food service establishments. The water-adjacent parcel offers additional development potential, perhaps for outdoor seating or related commercial uses. Please note that the derelict residential structure on the main parcel is not warranted by the seller and will remain locked during showings. An older fuel spill has been remediated and is under state environmental monitoring. This is a rare chance to acquire a significant piece of Todd's history and create a thriving business in a picturesque setting. The asking price is $315,000.

Property profile

Verified
Property type Commercial real estate
Year built 1865
Lot 0.64 ac (27,878 SF)

Cap rate & NOI

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

Location

3866 Railroad Grade Rd Todd, NC 28684
Todd metro
Google Maps

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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