About This Restaurant
Investment Highlights
Excellent Visibility in the heart of Oakboro
Executive Summary
Strategically located on N. Main St in Oakboro, this property enjoys excellent visibility and customer accessibility. Perfect for a restaurant owner/operator or investor, the retail center includes space for potential 2-3 units and ample opportunity for customization into a wide variety of retail concepts. The property is +/- 3020 sf, currently occupied by a church and a successful restaurant, and has short term leases in place. Off note: Charlotte Pipe and Foundry, a state-of-the-art pipe foundry for the nation's leading manufacturer of cast iron, plastic pipes and fittings, recently relocated to their $460 million, 700 acre foundry in Oakboro and is considered to be one of the largest and most modern foundries in the world. With employment of roughly 530 people, this will naturally result in a boost in Oakboro's economy and discretionary income in the community. Oakboro only has a few restaurants so here is your chance to take advantage of this opportunity!
Property Details
- Sale Type Investment or Owner User
- Property Type Retail
- Property Subtype Restaurant Restaurant General Retail Freestanding General Retail Storefront General Retail Storefront Retail/Office Restaurant
- Building Size 3,020
- Year Built 1960
- Price 450,000
- Price Per SF 149
- Percent Leased Vacant
- Tenancy Multiple
- Building Height 1 Story
- Building FAR 0.14
- Land Acres 0.49 AC
Amenities
- Freeway Visibility
- Restaurant
- Signage
Property Taxes
Parcel Number | 6504-03-11-5637 | Improvements Assessment | $15,479 |
Land Assessment | $41,912 | Total Assessment | $57,391 |
Date Created: | 2024-07-16 04:16:24 | Last Updated: | 2024-07-16 04:16:24 |
Address: | 1128 N Main St , Oakboro, North Carolina, 28129 |