914 Mall Loop Rd High Point, NC 27262
- Commercial real estate
- 9,603 SF
- 2.07 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 914 Mall Loop Rd
- Year built
- 1995
- Construction
- FRAME
- Lot size
- 2.07 lot acres
- Property size
- 9,603 SF
- Zone code
- CU-SC
- Property type
- Commercial real estate
- APN
- 199802
- APU
- 199802
Description
This exceptional restaurant property, located at 914 Mall Loop Road in High Point, North Carolina, presents a unique investment opportunity. Priced at $2,500,000, this 9,603 square foot establishment sits on a 2.07-acre lot in the vibrant Guilford County area. Its prime location offers easy access and high visibility, particularly due to its proximity to High Point University, ensuring a steady stream of potential customers. The property boasts a fully equipped commercial kitchen and bar, ready for immediate operation. The spacious interior comfortably accommodates approximately 250 diners, showcasing a well-maintained and attractive layout. The building's exterior presents a striking and memorable facade, establishing it as a recognizable landmark within the community. This turnkey operation is ideal for an experienced restaurateur looking to establish or expand their business in a high-traffic area. The substantial lot size offers ample parking and potential for future expansion or development. All necessary infrastructure is in place, minimizing start-up costs and maximizing return on investment. This is a rare opportunity to acquire a well-established and successful restaurant in a thriving location. The property is zoned for commercial use and is ready for a new owner to continue its legacy of success. Serious inquiries only.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,620,000
- 6.5%
- $1,495,000
- 7%
- $1,390,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $1,589,000
Market price range: $475k - $1.59M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $1,515,000 Current use
- RETAIL STORES
- $1,410,000 Change: -7% Conversion: Easy
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Location Insight
- Map
- Local Demand
- City
- High Point
- County
- Guilford
- State
- North Carolina
- Longitude
- -80.0043
- Latitude
- 35.9879
- CBSA code
- 24660
- CBSA name
- GREENSBORO-HIGH POINT, NC METROPOLITAN STATISTICAL AREA