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Property profile & analytics
OFF-MARKET Estimated value $305,000
Turn key restaurants

200 Matthews St Matthews, NC 28105-4863

2,396 SF 0.59 ac lot Built 1978
Individually Owned Free & Clear
Property ID
US53-1842542
Property summary
AI-generated overview

This exceptional 1.61-acre commercial property, located at 200 & 208 E Matthews Street in Matthews, NC, presents a remarkable investment opportunity. Priced at $4,995,000, this prime location offers unparalleled visibility and accessibility within a thriving commercial district. The property's versatility makes it suitable for a wide range of businesses, including but not limited to grocery stores and restaurants. Its strategic placement ensures a consistent flow of foot traffic and convenient customer access. Ample parking is available on-site, adding to the property's overall appeal and functionality. The existing building on the property is conveyed at no additional value, providing a blank canvas for development or renovation to suit a buyer's specific needs. This is a rare chance to acquire a high-impact commercial property in a dynamic and rapidly growing area of Matthews, NC. The property's size and location offer significant potential for long-term growth and profitability, making it an ideal investment for discerning buyers seeking a strong foothold in a desirable market. The property's prime location and ample parking make it an attractive option for a variety of commercial ventures. This is a unique opportunity to establish or expand a business in a highly visible and accessible location. Don't miss this chance to secure a valuable asset in a thriving commercial area.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1978
Total area 2,396 SF
Lot 0.59 ac (25,880 SF)
Zoning code HUC
APN 21501226
UPID US53-1842542
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
  • Rose M. Leday, PhD Physician
  • East Coast Acquisition Telecommunications Service
  • Rose Marie Leday Physician Medical Clinic
  • Umami Sushi & Grill Restaurant
  • Howell James D Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$305k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$305k
Owner & transaction history
JAMES H ROWAN
JAMES H ROWAN
Zoning & alternative use
HUC · Matthews, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

be established in the R-15MF, R-12MF, R/I, O, HUC, B-1, SRN, C-MF, MUD, TS, and ENT districts. Child day care facilities with separate standards may be allowed in the CrC district. B. S TANDARDS. 1. Child day care homes and facilities are required to be registered and licensed with the state in accordance with G.S. § 110-101. 2. An off -street drop -off/pick…

Zone name Historic Urban Core
General category CIVIC_INSTITUTIONAL
Zone area 34.80 ac
Source Chapter 5
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