3459 Us 1 HwyFranklinton, NC 27525

Property Details for 3459 Us 1 Hwy

Year built

1965

Lot size

1.00 AC

Property size (Sq ft)

3,188 SF

Zone code

C-3H

Property type

Retail properties

Property subtype

Turn key restaurants

APN

7636

APU

7636

Description

This exceptional retail property, located at 3459 US Highway 1 in Franklinton, NC, presents a unique investment opportunity. Built in 1965 and significantly remodeled in 1980 and 1990, the 2,288 square foot building boasts excellent visibility from US-1 and Highway 56, benefiting from an estimated 22,000 vehicles per day (VPD) on US-1 and 9,500 VPD on Highway 56. The property features 155 feet of road frontage, ensuring high exposure to potential customers. A built-in and covered drive-thru adds significant convenience, complemented by a prominent pole sign for enhanced branding. Practical features include a dumpster enclosure, a fully equipped interior, a walk-in cooler, and a walk-in freezer. Recent improvements include new curb and asphalt paving. Situated within city limits, this property offers the added advantage of an available ABC permit. The one-acre lot provides ample space for operations and potential expansion. This turnkey operation is ready for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $1,053,567

  6.5%

  $972,523

  7%

  $903,057

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,070,908

  Geo Method

  $1,844,069

• Alternative Use

  Use

  Valuation

  Residential

  $820,360

  Hospitality

  $751,445

  Educational

  $625,194

  Medical

  $646,695

  Retail

  $972,523

Location Insight

City

Franklinton

County

Franklin

State

North Carolina

Latitude

36.1026

Longitude

-78.4667

CBSA code

39580

CBSA name

RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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