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Property summary
This exceptional Fayetteville, NC restaurant presents a unique investment opportunity. Located at 1240 Fort Bragg Rd, this 6,449 square foot building boasts a rich history, having been constructed in 1908 and extensively renovated in 2020. The property sits on a sizable 18,335 square foot lot and is zoned NC, offering versatility for future uses. Currently operating as a successful taproom and restaurant, the business benefits from a prime location in a high-traffic area, ensuring strong visibility and consistent customer flow. The charming, yet modern interior creates a welcoming atmosphere. The fully operational business includes 40 taps featuring premium North Carolina craft beer, wines, ciders, and sours, complemented by a well-received pub menu. This turnkey operation offers immediate revenue potential and significant long-term growth prospects in a thriving commercial district. The asking price is $2,200,000. This is a rare chance to acquire a well-established business in a desirable location. The property's combination of historical charm and modern functionality makes it an attractive investment for discerning buyers.
Property profile
VerifiedCap rate & NOI
Current use
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Restaurant
Location
Value estimations
Owner & transaction history
Zoning & alternative use
sidential 5 (MR-5) District 30-3.D.6. Manufactured Home (MH) District 30-3.E. Business Base Zoning Districts 30-3.E.1. General Purposes 30-3.E.2. Office and Institutional (OI) District 30-3.E.3. Neighborhood Commercial (…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Derived from the Fayetteville market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
NC · Fayetteville, NCsidential 5 (MR-5) District 30-3.D.6. Manufactured Home (MH) District 30-3.E. Business Base Zoning Districts 30-3.E.1. General Purposes 30-3.E.2. Office and Institutional (OI) District 30-3.E.3. Neighborhood Commercial (…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
sidential 5 (MR-5) District 30-3.D.6. Manufactured Home (MH) District 30-3.E. Business Base Zoning Districts 30-3.E.1. General Purposes 30-3.E.2. Office and Institutional (OI) District 30-3.E.3. Neighborhood Commercial (…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for NC in Fayetteville, NC.
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