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    OFF-MARKET
    Turn key restaurants

    127 Williamsboro St, Oxford, NC 27565-3328

    3,008 SF 0.03 ac lot Built 1901
    Individually Owned 3-yr Hold Free & Clear
    Property ID
    US53-2978407
    Property summary
    AI-generated overview

    This exceptional 2,539 square foot commercial building, located at 127 Williamsboro Street in the heart of historic Oxford, North Carolina, presents a remarkable investment opportunity. Currently operating as Milano's Restaurant, this two-level property boasts 1,880 square feet on the main level, featuring a fully equipped commercial kitchen. The upper level adds another 659 square feet, complete with a bar and open area perfect for private events or additional seating. The sale includes most of the existing restaurant equipment and furnishings, such as a walk-in cooler, stand-up cooler, commercial stove and hood, kitchen prep islands, tables, chairs, booths, and dishes/silverware (pizza oven and new freezer excluded). Two handicap-accessible bathrooms are conveniently located within the building. The property benefits from ample parking, with both street parking and a rear lot providing convenient access for deliveries and customers. Its prime location in downtown Oxford ensures high visibility and foot traffic, placing it within easy walking distance of other downtown businesses and attractions. This versatile property is ideal for a turnkey restaurant operation or can be easily adapted to suit a variety of other commercial uses, including office space or retail. The 0.06-acre lot provides sufficient space for operations and parking. This is a rare chance to acquire a well-established commercial property in a thriving historic district.

    Property profile
    Verified
    Property type Turn key restaurants
    Use group RESTAURANT
    Year built 1901
    Total area 3,008 SF
    Lot 0.03 ac (1,152 SF)
    APN 192313123813
    UPID US53-2978407
    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
    Current use
    Occupant on record · Public records
    • Milano's Restaurant Restaurant
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Shereihan Abdi Afefei · 3 yrs held
    Shereihan Abdi Afefei
    since 2023
    Last sale
    $170,000
    2 recorded transactions
    2023
    $170,000
    2023
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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