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    FOR SALE
    Drive through restaurants

    829 Albemarle Rd, Troy, NC 27371

    1,320 SF 0.52 ac lot Built 2001
    Entity Owned 8-yr Hold Absentee Owner Free & Clear
    Property ID
    US53-4111408
    Property summary
    AI-generated overview

    This exceptional 1,350-square-foot freestanding building presents a remarkable opportunity for a savvy investor or entrepreneur. Located at 829 Albemarle Road in Troy, North Carolina (zip code 27371), this vacant property sits on a 0.51-acre lot and enjoys excellent visibility due to its prime location on Albemarle Road (Highway 24/27), a busy thoroughfare. Previously occupied by a Domino's Pizza, the building is well-suited for a variety of uses, including restaurants, medical offices, or other retail businesses. Its convenient location offers significant advantages, including proximity to Atrium Health Primary Care Troy Family Medicine, ensuring high foot traffic and potential customer base. The property is offered at an attractive asking price of $199,000, and is available as a NNN lease. The building's single-story design and ample parking provide convenience and accessibility. This is a rare opportunity to acquire a well-positioned commercial property in a thriving area of Troy, North Carolina. Don't miss out on this chance to establish your business in a high-visibility location with significant growth potential. The property is currently vacant, allowing for immediate occupancy and customization to suit your specific needs.

    Property profile
    Verified
    Property type Drive through restaurants
    Use group DRIVE-THRU RESTAURANT, FAST FOOD
    Year built 2001
    Total area 1,320 SF
    Lot 0.52 ac (22,651 SF)
    Zoning code FAST FOOD RESTAURANT
    APN 7528 16 93 3673
    UPID US53-4111408
    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
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Woody Properties LLC · 8 yrs held
    Woody Properties LLC
    since 2017
    1 recorded transaction
    2017
    Zoning & alternative use
    FAST FOOD RESTAURANT · Troy, NC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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