Property profile

357 Generals Blvd Lincolnton, NC 28092

OFF-MARKET
Turn key restaurants
Property ID
US53-2116013
10,386 SF 3.95 ac lot Built 1996
Entity Owned 1-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 10,386-square-foot retail or restaurant property, located at 357 N Generals Blvd in Lincolnton, North Carolina, presents a compelling investment opportunity. The single-tenant building sits on a sizable 4.02-acre lot, offering significant redevelopment potential. Currently vacant, the space is ideal for a variety of uses, given its Pedestrian Business (P-B) zoning. The property features ample parking with 175 spaces, ensuring convenient access for customers and employees. Its prominent location on Generals Blvd provides excellent visibility and signage opportunities, maximizing exposure for any business. The property's APN is 58277, and it is located in Lincoln County, North Carolina, zip code 28092. The substantial size of the lot and the building's existing infrastructure make this a highly attractive option for entrepreneurs seeking a well-positioned space in a growing community. This is a second-generation restaurant space, offering a ready-made foundation for a new culinary venture or a different retail concept. The property's location offers easy accessibility and high visibility, making it an ideal choice for businesses seeking a strong presence in Lincolnton. The ample parking further enhances the property's appeal to potential tenants or buyers.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1996
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 10,386 SF
Lot 3.95 ac (172,062 SF)
Zoning code P-B
APN 58277
UPID US53-2116013

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

357 Generals Blvd Lincolnton, NC 28092-3558
Lincolnton metro Census 70201 CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.55M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.55M

Owner & transaction history

since 2024
Last sale
$1.6M
7 recorded transactions
2024
Price N/A
2024
$1.6M
2019
$1.0M
2019
Price N/A
2017
Price N/A
2012
$800,000
2002
$384,000

Zoning & alternative use

P-B · Lincolnton, NC
Zoning description

153.112 N-B Neighborhood Business District 153.113 C-B Central Business District 153.114 CBT Central Business Transitional District 153.115 G-B General Business District 153.115.1 HC Highway Commercial District 153.116 P…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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