120 Kapp StDobson, NC 27017

Property Details for 120 Kapp St

Year built

1997

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.76 AC

Property size (Sq ft)

2,861 SF

Zone code

B1

Property type

Drive through restaurants

APN

4996-06-27-9589

APU

499606279589

Description

This exceptional investment opportunity presents a 2,888 square foot former Burger King restaurant located in the heart of Downtown Dobson, North Carolina. Situated on a one-acre lot at the corner of Main Street and E. Kapp Street (a signalized intersection), this free-standing building boasts high visibility and convenient access. The property features a drive-thru, 33 parking spaces (including two handicap-accessible spaces), brick facing, tile flooring, and one restroom. Inside, you'll find a traditional quick-service restaurant layout with an extensive kitchen area, including walk-in coolers, an interior dining area, and even exterior seating. The building was constructed in 1997 and is zoned B1. The lot dimensions are 110 feet of frontage and 297 feet deep. This property benefits from its proximity to municipal offices and a Walgreens. The assessed value is $571,680, with a tax land value of $275,670 and a tax improvements value of $296,010. The asking price for this turnkey property is $795,000. This represents a compelling opportunity for a savvy investor or entrepreneur seeking a high-traffic location in a thriving community.

• CAP approach

  CAP return

  Valuation

  6%

  $388,764

  6.5%

  $358,859

  7%

  $333,226

• Comparable approach

  Method

  Valuation

  Relative Method

  $377,681

  Geo Method

  $503,861

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $732,734

  Mixed-Use / Specialty

  $344,275

  Hospitality / Lodging

  $235,262

  Office

  $328,372

  Institutional / Educational

  $353,152

  Residential Income

  $413,188

  Multifamily

  $569,313

  Automotive / Energy

  $302,702

  Parking / Income-Based Land

  $117,603

  Restaurant / Food Service

  $150,666

  Healthcare / Senior Housing

  $366,691

Location Insight

City

Dobson

County

Surry

State

North Carolina

Latitude

36.3966

Longitude

-80.7223

CBSA code

34340

CBSA name

MOUNT AIRY, NC MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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