Property profile

119 N Main St Stanley, NC 28164

FOR SALE
Turn key restaurants
Property ID
US53-2083227
2,400 SF 0.51 ac lot Built 1979
Entity Owned Absentee Owner Free & Clear
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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

Current use

Occupant on record · Public records
  • Restaurant

Location

119 N Main St Stanley, NC 28164
Stanley metro Census 30205 CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$195k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$195k

Owner & transaction history

Zoning & alternative use

REST2 · Stanley, NC

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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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