729 Key St Pilot Mountain, NC 27041-8436
This exceptional commercial property, located at 729 S Key St in Pilot Mountain, North Carolina, presents a unique investment opportunity. The former Mountain View Restaurant boasts a prime location next to a McDonald's, ensuring high visibility and foot traffic. The main level encompasses 5040 square feet, featuring a fully equipped commercial kitchen, ample restrooms, and indoor seating for 149 patrons. A substantial lower level adds another 4116 square feet of finished space, ideal for banquets, conferences, or other events. This lower level also includes a 924 square foot control/storage room. The total square footage ranges from 7,400 to 8,650 square feet. The property sits on approximately 1.16 acres. The property is zoned GB. Please note that the commercial walk-in freezer is currently not operational. The sale includes a 16-foot easement retention along the western boundary line by the seller. This turnkey restaurant space is ready for a new owner to revitalize and capitalize on its established presence in a thriving community. The asking price is $875,000. This is a rare opportunity to acquire a well-situated, sizable restaurant property in a desirable location.
(C) General Business District (GB) GB districts are generally located on major thoroughfares and collector streets in the Pilot Mountain planning area. They are intended to provide for offices, personal services and the retailing of durable and convenience goods for the community. Because these commercial uses are subject to public view and are important to…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
GB · Pilot Mountain, NC(C) General Business District (GB) GB districts are generally located on major thoroughfares and collector streets in the Pilot Mountain planning area. They are intended to provide for offices, personal services and the retailing of durable and convenience goods for the community. Because these commercial uses are subject to public view and are important to the economy of the area, they should have ample parking, controlled traffic movement and suitable landscaping. (D) Highway Business District (HB) The HB district is intended primarily to accommodate higher intensity commercial uses and facilitate the redevelopment of legacy commercial areas along the Old US 52 Corridor in the Town’s planning jurisdiction. (E) General Manufacturing District (GM) The GM district is established for those areas of the community where the principal use of land is for manufacturing, industrial and warehousing uses. These uses, by their nature, may create some nuisances, which are not properly associated with residential, institutional, commercial and/or service establishments. These uses normally seek outlying locations on large tracts of land where 5-5 TOWN OF PILOT MOUNTAIN UNIFIED DEVELOPMENT ORDINANCE the operations involved do not detract from the developmental potential of nearby undeveloped properties. (F) Light Industrial District (LI) The LI district is established to provide for industries that, in their normal operations, have minimal adverse effect upon adjoining properties. 5.4 Overlay Districts 5.4.1 Downtown Design Overlay District (DDO) The DDO is established to provide for high quality development within Pilot Mountain’s downtown area by requiring adherence to a set of urban design requirements that enhance the aesthetic appearance and compatibility of new development and redevelopment projects within the town’s vital historic downtown core. 5.4.2 Watershed Overlay (WO) The Watershed Overlay District is established to comply with statutory mandates for the protection of water quality within drinking -water supply watersheds by imposing limitations on certain uses, requiring storm water controls and limiting development density. 5.5 Conditional Zoning Districts A Conditional Zoning District directly corresponding to, and having the same intent and basic regulations as each Base District is established. Such districts shall be differentiated from the Base District by the notation of CD (Conditional District).
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
