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Property profile & analytics

1229 Main St Laurinburg, NC 28352

  • Turn key restaurants
  • 6,775 SF
  • 0.61 lot acres
Value Estimation
Last Sale
May 07, 2025
$478,000
Location Intelligence
Property ID
US53-3111418
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Turn key restaurants

Property Details for 1229 Main St

Year built
1981
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
0.61 lot acres
Property size
6,775 SF
Zone code
GB
Property type
Turn key restaurants
APN
010065 01018
APU
1006501018

Description

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.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $365,000
  • CAP approach

    CAP return
    Estimation
    6%
    $420,000
    6.5%
    $430,000
    7%
    $460,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $500,000
    Geo Method
    $380,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $360,000
    Retail
    $400,000
    Mixed-Use
    $375,000
    Hospitality
    $420,000
    Educational
    $505,000
    Residential Income
    $405,000
    Energy
    $480,000
    Income-Based Land
    $390,000
    Food Service
    $370,000

Location Insight

  • Map
  • Local Demand
City
Laurinburg
County
Scotland
State
North Carolina
Longitude
-79.4705
Latitude
34.7605
CBSA code
29900
CBSA name
LAURINBURG, NC MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
0
$0.00
$284,810
$414,010
$698,820
-
$0.00
$0.00
$698,820
More about this property
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