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    OFF-MARKET
    Commercial real estate

    3866 Railroad Grade Rd, Todd, NC 28684

    0.64 ac lot Built 1865
    Property ID
    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
    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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