3219 Old Nc Highway 49 Asheboro, NC 27205
- Turn key restaurants
- 2,568 SF
- 1.56 lot acres
Current Use by Public Records
- Turn key restaurants
Property Details for 3219 Old Nc Highway 49
- Year built
- 2006
- Lot size
- 1.56 lot acres
- Property size
- 2,568 SF
- Zone code
- RBOCD
- Property type
- Turn key restaurants
- APN
- 7730112388
- APU
- 7730112388
Description
This turnkey restaurant opportunity in Asheboro, NC, presents a unique chance to acquire a well-established business and real estate. Located at 3219 Old NC Hwy 49, this 2,568 square foot restaurant boasts 16 years of operational history under its current ownership, which began in 2017. The property includes a spacious dining room with seating for 120 patrons, plus an additional 40 seats on the patio. A convenient drive-thru window caters to a diverse clientele. The ample parking lot easily accommodates even tractor-trailers. Recent significant improvements include a new $35,000 well and a $70,000 septic system, along with a flat roof replacement and HVAC upgrades. The majority of the restaurant equipment, including that updated within the last two years, and a storage building are included in the sale. A security system is in place. The restaurant operates Tuesday through Sunday, from 11 am to 9 pm. The seller is willing to assist with a two-week transition period. The property sits on a 1.56-acre lot (APN 7730112388) and is zoned RBO-CD RR RA. County approval for a brown bag license is a possibility. Detailed financial information is available upon request. This is a profitable, local staple ready for a new owner.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $280,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $230,000
- 6.5%
- $265,000
- 7%
- $230,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $250,000
- Geo Method
- $240,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $265,000
- Retail
- $265,000
- Mixed-Use
- $225,000
- Hospitality
- $255,000
- Educational
- $225,000
- Residential Income
- $245,000
- Energy
- $245,000
- Income-Based Land
- $275,000
- Food Service
- $220,000
Location Insight
- Map
- Local Demand
- City
- Asheboro
- County
- Randolph
- State
- North Carolina
- Longitude
- -79.9048
- Latitude
- 35.6738
- CBSA code
- 24660
- CBSA name
- GREENSBORO-HIGH POINT, NC METROPOLITAN STATISTICAL AREA