31 Mitchell Ave, Bakersville, NC 28705-6502
This delightful cafe, located at 31 N Mitchell Avenue in the heart of Bakersville, NC, presents a unique investment opportunity. Currently operating as the Southern Ridge Cafe, this property boasts undeniable small-town Appalachian charm. Its prime downtown location offers exceptional visibility and accessibility, situated just steps from a scenic creek walk. Completely renovated in 2018, the building features updated electrical and plumbing systems, ensuring modern functionality. The versatile space is ideally suited for a cafe, coffee shop, or bakery, capitalizing on the thriving tourism in this picturesque mountain town. Bakersville's vibrant community calendar includes popular events such as the Rhododendron Festival, the NC Mountaineer & Apple Butter Festival, and a charming Christmas parade, guaranteeing a steady stream of potential customers. The property offers a rare chance to own a well-established business in a desirable location, with significant upside potential for growth and expansion. The building itself is ready for immediate occupancy, minimizing start-up costs and maximizing return on investment. This is an exceptional opportunity to own a piece of Bakersville's rich history and vibrant future. The asking price is $169,900. The lot size is 0 acres. The property type is listed as "Other".
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Southern Ridge Cafe INC Restaurant
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.