729 Key StPilot Mountain, NC 27041

Property Details for 729 Key St

Year built

1999

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.89 AC

Property size (Sq ft)

9,248 SF

Zone code

GB

Property type

Turn key restaurants

APN

5965-06-29-7683

APU

596506297683

Description

This exceptional commercial property, located at 729 S Key St in Pilot Mountain, North Carolina, presents a unique investment opportunity. The former Mountain View Restaurant boasts a prime location next to a McDonald's, ensuring high visibility and foot traffic. The main level encompasses 5040 square feet, featuring a fully equipped commercial kitchen, ample restrooms, and indoor seating for 149 patrons. A substantial lower level adds another 4116 square feet of finished space, ideal for banquets, conferences, or other events. This lower level also includes a 924 square foot control/storage room. The total square footage ranges from 7,400 to 8,650 square feet. The property sits on approximately 1.16 acres. The property is zoned GB. Please note that the commercial walk-in freezer is currently not operational. The sale includes a 16-foot easement retention along the western boundary line by the seller. This turnkey restaurant space is ready for a new owner to revitalize and capitalize on its established presence in a thriving community. The asking price is $875,000. This is a rare opportunity to acquire a well-situated, sizable restaurant property in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,491,483

  6.5%

  $1,376,753

  7%

  $1,278,414

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,958,168

  Geo Method

  $3,946,462

• Alternative Use

  Use

  Valuation

  Residential

  $1,161,343

  Hospitality

  $1,063,784

  Educational

  $885,056

  Medical

  $915,494

  Retail

  $1,376,753

Location Insight

City

Pilot Mountain

County

Surry

State

North Carolina

Latitude

36.3776

Longitude

-80.485

CBSA code

34340

CBSA name

MOUNT AIRY, NC MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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