1200 N Washington St - Restaurant FOR SALE


Shelby, NC 28150
$1,000,000 USD
704-602-0400
1200 N Washington St, Shelby, NC for Sale
$1,000,000 USD
Restaurant - FOR SALE
1/39
null | Request Cap Rate

1200 N Washington St
Shelby, NC 28150


HIGHLIGHTS

  • Nestled in the foothills of the Blue Ridge Mountains, spanning over 12 acres with two ponds accentuating its picturesque setting.
  • Formerly a popular restaurant, the property boasts a commercial kitchen featuring a 17-foot hood and an existing grease trap.
  • Turnkey opportunity inclusive of event furniture and a sound system.
  • The main event hall underwent renovation in 2019, offering over 5500 square feet of space for various occasions.
  • Access to the property along Lake Road could potentially represent a residential development opportunity.
  • The pool house has been repurposed into a groom suite while the existing patio of over 3500 square feet presents the potential for conversion into a b

OVERVIEW

Explore an exceptional investment opportunity with this renovated 6,794 SF property. Nestled in the foothills of the majestic Blue Ridge Mountain, Shelby, NC is ideally situated near Charlotte, Asheville, and Greenville which enhances its appeal to prospective investors interested in an event venue space. Spanning over 12 acres and accented by two ponds, this setting offers a rare opportunity for a visionary investor. Formerly a popular restaurant and currently used as a wedding event venue, the property has a commercial kitchen with a 17-foot hood and grease trap. Renovated in 2019, the main event hall includes over 5500 SF of versatile space including ample seating areas, a bar, and storage. Event furniture and sound system available with acceptable offer ensuring a turnkey transition. Existing lease expires May 2024.

FOR SALE DETAILS

PRICE

$1,000,000 USD

PRICE/SF

$147 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

1200 N. Washington Street

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1953

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.27 AC

LAND SF

11,936 SF

ZONING

RO-CU

APN/PARCEL ID

70241

ASK ABOUT THIS PROPERTY

David JohnsonKW CommercialMore Info
704-602-0400

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David JohnsonKW CommercialMore Info
704-602-0400

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.