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    FOR SALE
    Turn key restaurants

    318 Bouchelle St, Morganton, NC 28655-3304

    1,902 SF 1.1 ac lot Built 1930
    Entity Owned 5-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US53-1540599
    Property summary
    AI-generated overview

    This exceptional commercial property, located at 318 Bouchelle Street in Morganton, NC, presents a unique investment opportunity. Originally St. Stephens Episcopal Church, this charming building underwent a thoughtful renovation in 2021, seamlessly blending its historical character with modern amenities. The 1.1-acre lot offers ample space, and the interior was redesigned for a doughnut shop, but is readily adaptable to various commercial uses. Key improvements completed in 2021 include a new roof and HVAC system. The kitchen is conveniently located downstairs, with provisions made for a future dumbwaiter installation. For food service businesses, the property boasts tankless water heaters, a vented hood, and a grease trap, all installed in 2021, ensuring immediate operational readiness. The spacious main dining area comfortably accommodates numerous patrons, complemented by additional outdoor patio seating. Its prime location behind the Fairfield Inn & Suites and directly across from Morganton's bustling central business district provides exceptional visibility and accessibility. Morganton's vibrant downtown area is known for its thriving blend of historical charm and modern growth, offering a diverse range of shopping, dining, and arts-focused establishments. This property represents a rare chance to own a piece of Morganton's history while capitalizing on the city's continued economic expansion. The asking price is $499,000.

    Property profile
    Verified
    Property type Turn key restaurants
    Use group RESTAURANT
    Year built 1930
    Construction WOOD FRAME
    Total area 1,902 SF
    Lot 1.1 ac (47,916 SF)
    Zoning code MEDIUM INTENSITY DIST
    APN 37931
    UPID US53-1540599
    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
    • Hot Shots Espresso Morganton Cafe & Coffee Shop
    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
    Team Chmistry LLC · 5 yrs held
    Team Chmistry LLC
    since 2021
    5 recorded transactions
    2022
    2021
    2021
    2018
    2018
    $35,000
    Zoning & alternative use
    MEDIUM INTENSITY DIST · Morganton, NC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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