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    FOR SALE
    Turn key restaurants

    119 N Main St, Stanley, NC 28164

    2,400 SF 0.51 ac lot Built 1979
    Entity Owned Absentee Owner Free & Clear
    Property ID
    US53-2083227
    Property summary
    AI-generated overview

    This exceptional commercial property, located at 119 N Main Street in the vibrant town of Stanley, North Carolina, presents a unique investment opportunity. The 0.51-acre lot offers significant potential for a variety of commercial ventures. Its prime location on North Main Street ensures high visibility and accessibility, making it an ideal site for businesses seeking strong foot traffic and convenient access for customers. The property's size allows for ample space for development, accommodating a range of building plans and designs. The asking price is $1,200,000, reflecting the property's strategic location and development potential within the thriving Stanley community. This is a rare chance to acquire a substantial commercial lot in a desirable area, poised for growth and success. Serious inquiries are encouraged to explore the possibilities this exceptional property offers. The absence of existing structures provides a blank canvas for a custom-designed commercial building, tailored to meet specific business needs. This presents an opportunity to create a property that perfectly aligns with the vision of the future owner. The property's location within Stanley offers access to a strong local market and a supportive business environment. Further investigation into zoning regulations and development possibilities is recommended.

    Property profile
    Verified
    Property type Turn key restaurants
    Use group RESTAURANT
    Year built 1979
    Total area 2,400 SF
    Lot 0.51 ac (22,216 SF)
    Zoning code REST2
    APN 133920
    UPID US53-2083227
    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
    • Pop’s Country Skillet Restaurant
    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
    MOORE II JACK CATHEY
    MOORE II JACK CATHEY
    Zoning & alternative use
    REST2 · Stanley, NC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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