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Property profile & analytics
FOR SALE
Car washes

2232 E Main St Lincolnton, NC 28092

1,960 SF 0.39 ac lot Built 1980
Entity Owned 4-yr Hold Free & Clear
Property ID
US53-0659990
Property summary
AI-generated overview

This exceptional 1,960-square-foot quick-service restaurant/fast-food property is situated on a highly visible 0.39-acre lot at 2232 E Main St in Lincolnton, North Carolina (28092). Built in 1980, the property boasts a prime location on one of Lincoln County's busiest streets, enjoying an impressive average daily traffic count of 28,000 vehicles, ensuring maximum exposure. The property's G-B zoning permits a variety of retail uses. Its convenient location is approximately half a mile from Hwy 321 and is surrounded by complementary businesses including grocery stores, banks, and other popular retailers. This presents a unique opportunity for a developer or existing business seeking a high-visibility location with significant foot and vehicle traffic. The asking price is $415,000, translating to $211.73 per square foot. The property is not subject to a ground lease. The APN is 01310. This is an excellent investment opportunity in a thriving area.

Property profile
Verified
Property type Car washes
Use group CAR WASH
Year built 1980
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 1,960 SF
Lot 0.39 ac (16,814 SF)
Zoning code G-B
APN 1310
UPID US53-0659990
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
M3h Properties LLC · 4 yrs held
M3h Properties LLC
since 2021
Last sale
$190,000
1 recorded transaction
2021
$190,000
Zoning & alternative use
G-B · Lincolnton, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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