Property profile

274 N Graham Hopedale Rd Burlington, NC 27217

FOR SALE
Turn key restaurants
Property ID
US53-0997806
5,959 SF 0.56 ac lot Built 1951
Entity Owned 11-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

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

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1951
Total area 5,959 SF
Lot 0.56 ac (24,394 SF)
Zoning code O I
APN 139790
UPID US53-0997806

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant

Location

274 N Graham Hopedale Rd Burlington, NC 27217
Burlington metro Census 20301 BURLINGTON, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$250k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$250k

Owner & transaction history

since 2015
7 recorded transactions
2022
Price N/A
2020
Price N/A
2020
Price N/A
2020
Price N/A
2015
$66,000
2013
$102,213
2004
$243,000

Zoning & alternative use

O I · Burlington, NC
Zoning description

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…

General category CIVIC_INSTITUTIONAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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More about this property
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