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Property profile & analytics
OFF-MARKET Estimated value $750,000
Turn key restaurants

11025 Independence Blvd Matthews, NC 28105-4719

13,144 SF 2.59 ac lot Built 2009
Entity Owned 10-yr Hold Free & Clear
Property ID
US53-1406696
Property summary
AI-generated overview

This exceptional 1.33-acre commercial land parcel presents a unique investment opportunity in the thriving Matthews, North Carolina market. Situated at 11025 East Independence Boulevard, this pad-ready site boasts a prime location on one of North Carolina's busiest non-highway roads, ensuring high visibility and accessibility. The property's I-1 Conditional (commercial) zoning allows for a wide range of commercial development possibilities. Its strategic placement within a major retail corridor, adjacent to a Golden Corral restaurant, guarantees significant foot traffic and consumer exposure. The single-tenant potential offers flexibility for developers seeking a build-to-suit opportunity or a ready-made site for a new business. This property is ideal for businesses seeking high visibility and convenient access to a dense population base. The 1.33-acre lot size provides ample space for a variety of commercial developments, making it an attractive option for both small and large-scale projects. Located in Mecklenburg County, the site benefits from excellent infrastructure and convenient access to major transportation routes. This is a rare opportunity to acquire a highly desirable commercial land parcel in a rapidly growing area. Don't miss out on this chance to establish your business in a prime retail location.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 2009
Total area 13,144 SF
Lot 2.59 ac (112,646 SF)
Zoning code I-1(CD)
APN 19331124
UPID US53-1406696
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
  • Golden Corral Buffet & Grill Restaurant Buffet
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$750k
Owner & transaction history
Wbw Farms INC · 10 yrs held
Wbw Farms INC
since 2016
4 recorded transactions
2016
$4.3M
2009
$1.2M
2008
$1.8M
2008
Price N/A
Zoning & alternative use
I-1(CD) · Matthews, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

The Light Industrial District is established to create and protect industrial areas for the provision of light manufacturing and the distribution of products at wholesale. The standards established for this district are designed to promote sound, permanent light industrial development and also to protect nearby residential areas from the undesirable aspects…

Zone name Light Industrial Conditional
General category INDUSTRIAL
Zone area 130.80 ac
Source Realmo
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