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    OFF-MARKET
    Drive through restaurants

    1202 Andrews Ave, Henderson, NC 27536-5116

    2,744 SF 0.94 ac lot Built 1976
    Individually Owned Absentee Owner Free & Clear
    Property ID
    US53-4147899
    Property summary
    AI-generated overview

    This exceptional retail property, located at 1202 E Andrews Avenue in Henderson, NC, presents a compelling investment opportunity. Boasting nearly an acre of land, this prominent corner lot offers unparalleled visibility and accessibility, situated less than half a mile from US Highway 1. The building encompasses 2,764 square feet and has served as a restaurant in the past, but its versatile layout and ample space make it suitable for a wide range of retail or service businesses. The property's strategic location ensures high traffic volume, attracting significant customer flow. Further enhancing its appeal is the substantial parking area, accommodating over sixty vehicles. Convenient access is provided by two driveways on Andrews Avenue and one on Bullock Street, ensuring smooth ingress and egress for both customers and employees. The motivated seller has significantly reduced the price, making this an attractive proposition for discerning investors seeking a prime retail location with exceptional potential. This property is ready for its next chapter and presents a unique opportunity to establish or expand a thriving business in a high-demand area. Don't miss this chance to acquire a well-positioned, spacious retail property in a thriving community.

    Property profile
    Verified
    Property type Drive through restaurants
    Use group DRIVE-THRU RESTAURANT, FAST FOOD
    Year built 1976
    Total area 2,744 SF
    Lot 0.94 ac (40,946 SF)
    APN 0084 05009
    UPID US53-4147899
    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
    Value estimations
    Realmo proprietary · 4 methods
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    CAP Approach CAP
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    Owner & transaction history
    EMAD MASOUD
    EMAD MASOUD
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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