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    Property profile & analytics
    FOR SALE
    Retail space

    633 Rauhut St, Burlington, NC 27217

    1,296 SF 0.12 ac lot Built 1958
    Individually Owned 3-yr Hold Free & Clear
    Property ID
    US53-2135882
    Property summary
    AI-generated overview

    This exceptional commercial property, located at 633 Rauhut Street in Burlington, NC, presents a remarkable investment opportunity. The building is a brick structure situated on a corner lot, ensuring high visibility and accessibility for any business. Its previous use as a smoke and vape shop demonstrates its suitability for a variety of retail ventures. The adaptable space is ideal for a convenience store, restaurant, coffee shop, or similar take-out establishment. The high-traffic location guarantees significant foot traffic, maximizing potential customer reach. Convenient on-site parking is available, benefiting both customers and employees. The seller's motivation to sell makes this an attractive proposition for discerning investors seeking a strong return. This property offers a unique blend of location, accessibility, and versatility, making it an exceptional opportunity to establish or expand a thriving business in a bustling area. The building's brick construction suggests durability and longevity, further enhancing its investment appeal. The corner lot provides ample space for signage and potential outdoor seating or display areas, depending on the intended use. Don't miss this chance to acquire a well-positioned commercial property in a desirable location. The asking price of $80,000 reflects the seller's eagerness to finalize a sale.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1958
    Total area 1,296 SF
    Lot 0.12 ac (5,358 SF)
    Zoning code B 1
    APN 136244
    UPID US53-2135882
    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
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Adel Mohamed Alzawkari · 3 yrs held
    Adel Mohamed Alzawkari
    since 2023
    Last sale
    $60,000
    2 recorded transactions
    2023
    $60,000
    2016
    $35,000
    Zoning & alternative use
    B 1 · Burlington, NC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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