20 Main St Franklinton, NC 27525
- Office buildings
- 2,834 SF
- 0.12 lot acres
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
-
CAP approach
- CAP Return
- Estimation
- 6%
- $775,000
- 6.5%
- $715,000
- 7%
- $665,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $704,000
- AI Estimate
- $719,000
Market price range: $151k - $705kMarket price range: $151k - $720k
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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