Property profile

1202 Andrews Ave Henderson, NC 27536

OFF-MARKET
Drive through restaurants
Property ID
US53-4147899
2,744 SF 0.94 ac lot Built 1976
Individually Owned Absentee Owner Free & Clear
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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

Current use

Occupant on record · Public records
  • Restaurant
  • Grocery & Convenience Store
  • Gas Station
  • Atm
  • Atm

Location

1202 Andrews Ave Henderson, NC 27536-5116
Henderson metro Census 960700 HENDERSON, NC MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$270k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$270k

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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