Property summary
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
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Value estimation
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Cap rate
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from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2021Property description
Physical attributes from public recordsZoning & alternative use
C3 · Forest City, NCZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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The district profile from the municipal source: what is on file for C3 in Forest City, NC.
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