3866 Railroad Grade Rd, Todd, NC 28684
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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