222 Main St Elkin, NC 28621-3492
- Retail space
- 27,774 SF
- 1.05 lot acres
Current Use by Public Records
- Coley Hall at The Liberty / Wedding Service
- Angry Troll Brewing / Production Facility / Brewery & Distillery
- Walter & Ringeman / Dental Office
- The Liberty Catering Company / Take-out & Catering / Catering Service
- Biggerstaff Teresa G DDS / Dental Office
Property Details for 222 Main St
- Year built
- 1915
- Lot size
- 1.05 lot acres
- Property size
- 27,774 SF
- Zone code
- B1
- Property type
- Retail space
- APN
- 4951-14-42-8977
- APU
- 495114428977
Description
This exceptional investment opportunity presents a historic, two-story restaurant and brewery located at 222 E. Main St., Elkin, NC, 28621. The property boasts a substantial 30,000 square feet of space situated on a 1.05-acre lot. Originally built in 1917 and extensively renovated in 2012, the building is in excellent condition and ready for immediate operation. The asking price is $2,500,000, translating to a price per square foot of $83.33. This turnkey operation currently houses a single tenant operating a successful restaurant and brewery, making it an ideal acquisition for an event hall operator or investor seeking a well-established business. The property's prime location in Elkin, Surry County, North Carolina, offers significant potential for growth and profitability. The building's unique history and substantial size provide ample space for various uses, including expansion of the existing restaurant and brewery or the addition of event space. This is a rare opportunity to acquire a well-maintained, historically significant commercial property in a desirable location with a proven track record of success. The property's size, location, and existing tenant make it a compelling investment prospect with significant upside potential. Detailed financial information is available upon request.
Value Estimations
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,891,000
- AI Estimate
- $1,780,000
Market price range: $1.31M - $3.60MMarket price range: $1.08M - $3.60M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $2,575,000 Current use
- COMMERCIAL (GENERAL)
- $2,295,000 Change: -11% Conversion: Easy
- AUTO REPAIR, GARAGE
- $2,115,000 Change: -18% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Elkin
- County
- Surry
- State
- North Carolina
- Longitude
- -80.8486
- Latitude
- 36.2445
- CBSA code
- 34340
- CBSA name
- MOUNT AIRY, NC MICROPOLITAN STATISTICAL AREA