Technical
Financial
Distress signals
Property profile

104 Church St Rowland, NC 28383

OFF-MARKET
Turn key restaurants
Property ID
US53-3196063
3,394 SF 0.51 ac lot Built 1955
Individually Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional commercial property located at 104 Church Street, Unit 104, Rowland, NC, presents a rare opportunity to acquire a piece of local history. Known as "The Pink Restaurant," this iconic establishment has been a beloved community fixture since the 1950s, building a strong reputation and loyal customer base. The property is being offered at $150,000 and presents significant potential for a variety of uses. While the current structure holds immense nostalgic value, it offers a blank canvas for a visionary entrepreneur. Imagine the possibilities: reviving the restaurant's legendary status, transforming it into a modern eatery, or repurposing the space entirely. The building's prime location in Rowland, NC, ensures high visibility and accessibility. This is a chance to own a piece of history and create a new chapter in this property's rich legacy. The property's history includes lines of customers wrapping around the building, a testament to its enduring appeal. Don't miss this once-in-a-lifetime opportunity to own a piece of Rowland's heritage and build upon its established success. The property is classified as General Commercial and sits on a 0-acre lot. The square footage is not currently specified.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1955
Construction FRAME
Total area 3,394 SF
Lot 0.51 ac (22,216 SF)
APN 370702001
UPID US53-3196063

Cap rate & NOI

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

Location

104 Church St Rowland, NC 28383
Rowland metro Census 961900 LUMBERTON, NC MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$240k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$240k

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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