Property profile

1609 Church St Burlington, NC 27217

OFF-MARKET
Turn key restaurants
Property ID
US53-2410679
848 SF 0.71 ac lot Built 2000
Entity Owned 10-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional commercial building presents a significant opportunity in Burlington, NC. Situated on a substantial 1.42-acre lot, this property boasts a prime location and B2 zoning. The main level encompasses approximately 13,892 square feet, offering a versatile layout ideal for various industrial uses. The space includes a reception/clerical area, eight private offices, a break room, two storage rooms, a dedicated supply and workroom, and restrooms. The building is equipped for heavy industrial use, featuring 480V/3-phase power, 20-23 foot column spacing, and compressed air plumbing. Excellent lighting is provided throughout by fluorescent fixtures. A freight elevator connects the main level to a full basement, adding another 12,482 square feet of usable space. Convenient rear loading is facilitated by a 14-foot-wide loading dock and ramp, complemented by 8ft x 8ft double doors on the building's side. This property offers significant potential for businesses seeking a well-equipped, spacious facility in a highly desirable location. The combination of ample space, robust infrastructure, and strategic location makes this an exceptional investment opportunity. The property's size and features make it suitable for a wide range of industrial and commercial applications.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 2000
Total area 848 SF
Lot 0.71 ac (31,145 SF)
Zoning code B 2
APN 139438
UPID US53-2410679

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
  • (Bike/Boat/Book/etc) Store
  • Restaurant
  • Alternative Medicine Practice Spa & Massage Center
  • Department Store
  • Arcade & Gaming Center Electronics & Wireless Store

Location

1609 Church St Burlington, NC 27217-2920
Burlington metro Census 20200 BURLINGTON, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$265k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$265k

Owner & transaction history

since 2016
2 recorded transactions
2016
Price N/A
2016
Price N/A

Zoning & alternative use

B 2 · Burlington, NC

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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