Property profile

406 Church St Kenly, NC 27542

OFF-MARKET
Turn key restaurants
Property ID
US53-0859845
3,518 SF 0.85 ac lot Built 1990
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional retail property, known as Kenly Square, is situated on a 3-acre lot at 406 S. Church Street in Kenly, North Carolina, zip code 27542. The property boasts a total building size of 34,829 square feet, currently featuring multiple tenants. A significant opportunity exists with 3,810 square feet of vacant space available for lease, ideal for expansion or new businesses seeking a prominent location in Kenly County. The building underwent renovations in 2019, ensuring modern amenities and a well-maintained structure. The property's classification is retail commercial, offering a versatile space suitable for a variety of businesses. Its convenient location on S. Church Street provides excellent visibility and accessibility for customers. The property's size and layout make it an attractive option for businesses seeking a substantial presence in a thriving community. This outparcel presents a unique opportunity to establish or expand a business in a prime retail location within Kenly Square. The property is categorized as multi-tenant, offering flexibility for various business models. Interested parties are encouraged to inquire about lease terms and availability for the vacant space. The property's recent renovations contribute to its modern appeal and functionality.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1990
Total area 3,518 SF
Lot 0.85 ac (37,026 SF)
Zoning code COM
APN 03Q03022H
UPID US53-0859845

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Restaurant
  • Restaurant
  • (Bike/Boat/Book/etc) Store Alternative Medicine Practice
  • Atm
  • Nail Salon

Location

406 Church St Kenly, NC 27542-5002
Kenly metro Census 40101 RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$290k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$290k

Owner & transaction history

since 2026
4 recorded transactions
2026
$4.9M
2023
Price N/A
2021
$2.0M
1969
Price N/A

Zoning & alternative use

COM · Kenly, 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
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