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Property profile & analytics
OFF-MARKET
Grocery and convenience stores

1003 York Rd Kings Mountain, NC 28086-9713

2,220 SF 0.9 ac lot Built 1959
Entity Owned 3-yr Hold Free & Clear
Property ID
US53-2733758
Property summary
AI-generated overview

This exceptional commercial property, located at 1003 York Rd, Kings Mountain, NC 28086, presents a lucrative investment opportunity. Situated on a 0.86-acre lot at the corner of York Rd and Lake Montonia Rd, this multi-tenant retail property boasts 2,220 to 3,358 square feet of space and is currently 100% occupied. The property includes two parcels, one housing a two-bedroom, one-bathroom residence currently rented month-to-month for $1000, and a vacant parcel (Parcel ID 12479). The building features multiple entrances, allowing for potential expansion or division into two units. This high-traffic location benefits from proximity to I-85 (exit 8), the Two Kings Casino, and the Kings Mountain National Military Park. A new, approximately 10,000 square foot restaurant/distillery is expected to open nearby in summer 2024, further enhancing the area's appeal and foot traffic. The property is zoned COMM-NB and is ideally suited for food service, gas station/convenience store, or other retail uses. The asking price is $699,000. An adjacent 2.33-acre parcel is also available for purchase separately. Combining both properties creates a substantial 3.19-acre corner lot with extensive road frontage.

Property profile
Verified
Property type Grocery and convenience stores
Use group CONVENIENCE STORE
Year built 1959
Total area 2,220 SF
Lot 0.9 ac (39,204 SF)
Zoning code NB
APN 12749
UPID US53-2733758
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
Current use
Occupant on record · Public records
  • Pickers & Peddlers Home Decor Store (Bike/Boat/Book/etc) Store
  • Royal Way Carp Juice LLC. (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Maxxo Holdings INC · 3 yrs held
Maxxo Holdings INC
since 2022
2 recorded transactions
2022
Price N/A
2020
Price N/A
Zoning & alternative use
NB · Kings Mountain, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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