Property profile

362 Duke St Forest City, NC 28043

OFF-MARKET
Turn key restaurants
Property ID
US53-2729407
1,840 SF 32.36 ac lot Built 1959
Individually Owned 2-yr Hold Free & Clear
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional 32+ acre property in Forest City, NC, presents a rare investment opportunity. The main attraction is the 2,631 square foot Eagle Lake Restaurant, featuring a fully equipped commercial kitchen with walk-in refrigerators and freezers. The restaurant boasts seating for 14 inside and 7 (expandable to 12) on a covered lakeside deck, all offering stunning lake views. A basement bar and two storage rooms provide additional space. The property also includes a 10-acre stocked lake, perfect for fishing, kayaking, and canoeing. Amenities extend to a mowed picnic and camping area with ample shade, three RV sites with full hookups on concrete pads, and a separate tackle and bait shop. Abundant parking is available with two asphalt lots providing 40 spaces. The property is zoned C-3 and features a paved, tree-lined drive. This versatile property is ideal for a variety of uses, including event hosting, and is conveniently located near historic downtown Forest City. The three-phase power supply ensures operational efficiency.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1959
Total area 1,840 SF
Lot 32.36 ac (1,409,602 SF)
Zoning code C3
APN 1603630
UPID US53-2729407

Cap rate & NOI

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

Location

362 Duke St Forest City, NC 28043-9196
Forest City metro Census 960800 FOREST CITY, NC MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$730k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$730k

Owner & transaction history

since 2024
Last sale
$730,000
4 recorded transactions
2024
$730,000
2023
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

C3 · Forest City, NC

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 362 Duke St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message