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    FOR LEASE
    Turn key restaurants

    274 N Graham Hopedale Rd, Burlington, NC 27217

    5,959 SF 0.56 ac lot Built 1951
    Entity Owned 11-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US53-0997806
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Carreno Development Project Restaurant
    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
    Carreno Developers LLC · 11 yrs held
    Carreno Developers LLC
    since 2015
    7 recorded transactions
    2022
    2020
    2020
    2020
    2015
    $66,000
    2013
    $102,213
    2004
    $243,000
    Zoning & alternative use
    O I · Burlington, NC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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