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Property profile & analytics

20 Main St Franklinton, NC 27525

  • Office buildings
  • 2,834 SF
  • 0.12 lot acres
For Sale
Last Sale
Oct 08, 2020
$50,000
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US53-2063829
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

  • Owls Roost Brewery / Brewpub
  • Eli's Tavern / Restaurant
  • The After Life Bar & Grill / Bar & Grill

Property Details for 20 Main St

Year built
1940
Lot size
0.12 lot acres
Property size
2,834 SF
Zone code
C-2D
Property type
Office buildings
APN
8381
APU
8381

Description

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.


Value Estimations

based on Realmo’s proprietary methodology
  • CAP approach

    CAP Return
    Estimation
    6%
    $775,000
    6.5%
    $715,000
    7%
    $665,000
  • Comparable approach

    Method
    Estimation
    Statistic Estimate
    $704,000
    Market price range: $151k - $705k
    AI Estimate
    $719,000
    Market price range: $151k - $720k

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Franklinton
County
Franklin
State
North Carolina
Longitude
-78.4562
Latitude
36.104
CBSA code
39580
CBSA name
RALEIGH-CARY, NC METROPOLITAN 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
2024
$10,784
$130,430
$693,800
$824,230
-
$130,430
$693,800
$824,230
More about this property
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