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    OFF-MARKET Estimated value $520,000
    Grocery and convenience stores

    25 Lazy Ln, Engelhard, NC 27824

    7,384 SF 1 ac lot Built 1977
    Individually Owned Absentee Owner ~ Est. High Equity
    Property ID
    US53-4159459
    Property summary
    AI-generated overview

    This exceptional mixed-use property, situated on nearly six acres in Engelhard, North Carolina, presents a remarkable investment opportunity. The 12,000-square-foot building, constructed in 1977 and extensively renovated in 2017 and 2018, boasts two structures totaling 11,000 square feet of net rentable space. Currently, a thriving 3,000-square-foot laundromat occupies a portion of the building, generating consistent income with its seven commercial washers and six dryers. The remaining space previously housed a 7,300-square-foot grocery store, complete with shelving, refrigeration units, walk-in coolers, freezers, and checkout counters—all included in the sale. An additional 1,000 square feet is currently used for office and storage. The property features 10- to 15-foot ceilings, zoned heating and cooling with five AC condensers and large fuel-fired furnaces, a substantial generator, and two diesel fuel tanks (plus one leased propane tank). Ample parking is provided with over 40 spaces. The property includes additional indoor and detached storage areas and terrazzo flooring throughout. Located conveniently near the harbor and an airport with a 5,000-foot runway, this property offers unparalleled access to transportation and logistics. Zoned for mixed use, this property is ideally suited for a variety of commercial ventures, including retail, warehousing, shipping and receiving, or storage. The expansive 5.94-acre lot presents potential for future development. This turnkey operation, with its prime location and substantial existing infrastructure, represents a rare opportunity for significant return on investment.

    Property profile
    Verified
    Property type Grocery and convenience stores
    Use group GROCERY, SUPERMARKET
    Year built 1977
    Total area 7,384 SF
    Lot 1 ac (43,560 SF)
    Zoning code 1
    APN 8695330208
    UPID US53-4159459
    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
    • Farrow's Big Box & Wholesale Store Food Market
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $520k
    Owner & transaction history
    CHRISTOPHER LEE WILLIAMS
    CHRISTOPHER LEE WILLIAMS
    Zoning & alternative use
    1 · Engelhard, NC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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