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    OFF-MARKET Estimated value $1,975,000
    Drive through restaurants

    597 Polk St, Pineville, NC 28134-8563

    2,634 SF 0.48 ac lot Built 1988
    Trust Owned 6-yr Hold Free & Clear
    Property ID
    US53-5743730
    Property summary
    AI-generated overview

    This exceptional single-tenant retail property, located at 597 N Polk St in Pineville, NC, presents a unique investment opportunity. The building, constructed in 1986, boasts a total of 2,672 square feet, all of which is currently vacant, offering immediate occupancy for a new tenant. Situated on a sizable 0.48-acre lot, the property provides ample space for potential expansion or outdoor amenities. The B-3 zoning allows for a wide range of commercial uses, providing flexibility for prospective buyers. The property's address is 597 N Polk St, Pineville, NC 28134, within Mecklenburg County. Its convenient location offers excellent visibility and accessibility, making it an ideal site for a variety of businesses. The entire building is available for lease, presenting a blank canvas for a new tenant to customize and establish their presence. This property is an excellent opportunity for investors seeking a strong foothold in the thriving Pineville market. The building's size and location make it suitable for a variety of retail concepts. The property's vacant status allows for immediate occupancy and customization to suit a new tenant's specific needs. The substantial lot size offers potential for future development or expansion. This is a rare opportunity to acquire a well-located, sizable retail property in a desirable area.

    Property profile
    Verified
    Property type Drive through restaurants
    Use group DRIVE-THRU RESTAURANT, FAST FOOD
    Year built 1988
    Total area 2,634 SF
    Lot 0.48 ac (20,872 SF)
    Zoning code B-4
    APN 20508104
    UPID US53-5743730
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Arby's Restaurant Take-out & Catering
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $2.26M
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $1.79M
    Blend (final) Blend
    $1.98M
    Owner & transaction history
    Wiebold Family Trust · 6 yrs held
    Wiebold Family Trust
    since 2020
    Last sale
    $1.9M
    7 recorded transactions
    2020
    $1.9M
    2019
    $1.5M
    2013
    $1.1M
    2012
    $650,000
    2005
    $672,500
    1996
    $560,000
    1988
    $470,000
    Zoning & alternative use
    B-4 · Pineville, NC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Commercial (general) $1.7M +9.1%
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