352 Martin Luther King Jr Blvd Clinton, NC 28328-4226
This 1,000 square foot commercial property located at 352 Martin Luther King Jr Boulevard Unit 352, Clinton, NC, presents a unique investment opportunity. Previously a thriving breakfast cafe, this corner lot location at the intersection of MLK Jr Blvd and Southeast Rd boasts high traffic visibility and significant redevelopment potential. The 0.3-acre lot offers ample space for expansion or outdoor seating. All existing restaurant equipment and booths are included in the sale, providing a head start for a new owner. The building itself requires restoration, but the existing infrastructure offers a solid foundation. Note that the two restrooms are situated externally to the main building structure. A significant advantage for prospective buyers is that utilities will be activated for inspection purposes, allowing for a thorough assessment of the property's condition. Priced at $125,000, this property is ideal for an entrepreneur seeking a high-traffic location with substantial upside. The previous owners never occupied the building, providing a clean slate for the next venture. This is a chance to capitalize on a prime location and create a successful business.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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.