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Property profile & analytics
OFF-MARKET Estimated value $715,000
Office buildings

20 Main St Franklinton, NC 27525-1357

2,834 SF 0.12 ac lot Built 1940
Entity Owned 5-yr Hold Absentee Owner Free & Clear
Property ID
US53-2063829
Property summary
AI-generated overview

This exceptional turn-key restaurant presents a lucrative investment opportunity in the revitalized downtown area of Franklinton, North Carolina. Located on South Main Street, this property boasts high visibility and is conveniently situated near ample parking, ensuring easy access for customers. The sale includes all existing equipment, minimizing the start-up costs for a new owner. The restaurant benefits from an already established customer base, providing a solid foundation for continued success. A recently added patio area expands seating capacity and enhances the dining experience, catering to a wider range of customer preferences. The property sits on a 0.08-acre lot, providing sufficient space for outdoor operations and potential future expansion. Priced at $1,100,000, this is a rare chance to acquire a thriving business in a rapidly developing downtown location. The property's prime location and existing infrastructure make it an ideal acquisition for an experienced restaurateur or a savvy investor seeking a profitable venture in a vibrant community. This is a truly exceptional opportunity to own a well-established and successful restaurant with significant growth potential. The turnkey nature of this offering minimizes the time and resources required to begin operations, allowing for a swift and seamless transition to new ownership. Don't miss this chance to own a piece of Franklinton's revitalized downtown.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1940
Total area 2,834 SF
Lot 0.12 ac (5,227 SF)
Zoning code C-2D
APN 8381
UPID US53-2063829
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
  • Owls Roost Brewery Bar & Pub Restaurant
  • Eli's Tavern Restaurant
  • The After Life Bar & Grill Bar & Pub Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$715k
Comparable Approach Comparable
$705k
Blend (final) Blend
$715k
Owner & transaction history
Owls Roost Outdoors LLC · 5 yrs held
Owls Roost Outdoors LLC
since 2020
Last sale
$50,000
3 recorded transactions
2020
$429,000
2020
Price N/A
2019
$50,000
Zoning & alternative use
C-2D · Franklinton, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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