1229 Main St Laurinburg, NC 28352-5029
This exceptional investment opportunity presents a fully operational restaurant located at 1229 S Main Street S, Laurinburg, NC, situated on a substantial 26,572-acre lot. The Main Table restaurant is ready for immediate operation, complete with all necessary kitchen equipment. Beyond the restaurant's established business, this property boasts two additional, significant monthly income streams. A cash points ATM provider and an ice company contribute to a diversified revenue model, enhancing the overall return on investment. While the restaurant's HVAC system requires some repairs or replacement, this factor is reflected in the negotiable asking price of $750,000. This presents a unique chance to acquire a turnkey business with built-in supplemental income, offering immediate cash flow and significant growth potential. The property's substantial acreage also offers considerable expansion possibilities or future development options. Serious inquiries are encouraged to explore this lucrative opportunity further. The current restaurant name is Main Table. Financial details and operational specifics are available upon request. Don't miss this chance to own a profitable and diverse commercial property in a thriving location.
6.3.8 GB General Business District. The GB district is established as a district in whi ch to accommodate highway-oriented retail and commercial service businesses which generally have as their market area the entire city and surrounding area. The major objectives of this district are to (1) encourage planned commercial and office parks; (2) discourage small…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
GB · Laurinburg, NC6.3.8 GB General Business District. The GB district is established as a district in whi ch to accommodate highway-oriented retail and commercial service businesses which generally have as their market area the entire city and surrounding area. The major objectives of this district are to (1) encourage planned commercial and office parks; (2) discourage small lot developm ent on major highways; (3) encourage vehicular access from service drives and other local commercial streets rather than directly from arterial streets; and (4) provide a location for ma jor shopping facilities and land uses requiring large outdoor spaces. 6.3.9. I Industrial District. The I district is established as a district in which to allow primarily light manufacturing, assembly, research, warehousing, and intensive commercial use s. The regulations of this district are intended to (1) encourage light manufacturing and intensive commercial uses as well as accessory land uses incidental to and in support of manufactu ring uses; (2) exclude heavy industry, hazardous waste management facilities, major retail , and residences as acceptable land uses; and (3) preserve locations that are best suited for industrial development. Land uses in the I district are limited to those determined to be compatible with the character of the community.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
