Property summary
This exceptional 8,700 square foot mixed-use property, located at 274 North Graham Hopedale Road in Burlington, North Carolina, presents a unique redevelopment opportunity. The building, constructed in 1957 and extensively renovated in 2023, offers a versatile "vanilla shell" interior, ideal for a variety of uses. Currently vacant, this three-unit, three-story Class B building sits on a 1.194-acre lot and boasts 7,441 square feet of net rentable space. The asking price is $895,900, translating to $102.98 per square foot. Its prime location on the busy Graham Hopedale and US 70 corridor offers high visibility and accessibility, situated near government buildings and Alamance Health & Human Services. The property's zoning allows for diverse uses, including restaurants, medical offices, dental practices, and other essential services. The potential for an additional building pad on the sizable lot adds significant upside potential, making this an attractive owner-occupied investment or build-to-suit project. The property is offered with a gross lease type. This is a rare opportunity to acquire a newly renovated building in a high-traffic area with substantial growth potential. The property consists of three parcels.
Property profile
VerifiedCap rate & NOI
Current use
-
Restaurant
Location
Value estimations
Owner & transaction history
Zoning & alternative use
OI-LU Office Institutional-Limited Use NB-LU Neighborhood Business-Limited Use GB-LU General Business-Limited Use CBD-LU Central Business-Limited Use LI-LU Light Industrial-Limited Use MI-LU Medium Industrial-Limited Use…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
O I · Burlington, NCOI-LU Office Institutional-Limited Use NB-LU Neighborhood Business-Limited Use GB-LU General Business-Limited Use CBD-LU Central Business-Limited Use LI-LU Light Industrial-Limited Use MI-LU Medium Industrial-Limited Use…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
OI-LU Office Institutional-Limited Use NB-LU Neighborhood Business-Limited Use GB-LU General Business-Limited Use CBD-LU Central Business-Limited Use LI-LU Light Industrial-Limited Use MI-LU Medium Industrial-Limited Use…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for OI in Burlington, NC.
Registration is required before the official district profile is shown.
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
Registration is required before any owner information is shown.