Property profile

33301 33301 Engelhard, NC 27824

OFF-MARKET
Commercial real estate
Built 1996
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Property summary

AI-generated overview

This exceptional opportunity presents the chance to acquire Martelle's Feed House, a well-established restaurant operating successfully for 28 years in Engelhard, NC. Located at 33301 Highway 264, this iconic establishment boasts a charming "old country kitchen" atmosphere, complete with antique dГ©cor and a rich history dating back over 100 years. The restaurant features a spacious layout with over 150 seats, including a dedicated bar area and a banquet room, perfect for hosting various events. The expansive 6900+ square foot building houses a fully equipped commercial kitchen, ensuring smooth and efficient daily operations. Martelle's diverse menu caters to a wide range of tastes, attracting a loyal clientele and drawing in visitors from the surrounding farm and fishing community, particularly hunters during the fall and winter months. The seller is open to discussing seller financing options, and detailed financial information is available to qualified buyers. Showings are best scheduled for Mondays before 11:30 AM or between 2:00 PM and 5:00 PM to avoid disrupting daily operations. A catering truck and trailer are also included in the sale. This is a rare chance to own a thriving, long-standing business in a picturesque North Carolina town.

Property profile

Verified
Property type Commercial real estate
Year built 1996

Cap rate & NOI

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

Location

33301 33301 Engelhard, NC 27824
Engelhard 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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