127 Williamsboro StOxford, NC 27565

Property Details for 127 Williamsboro St

Year built

1901

Lot size

0.03 AC

Property size (Sq ft)

3,008 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

192313123813

APU

192313123813

Description

This exceptional 2,539 square foot commercial building, located at 127 Williamsboro Street in the heart of historic Oxford, North Carolina, presents a remarkable investment opportunity. Currently operating as Milano's Restaurant, this two-level property boasts 1,880 square feet on the main level, featuring a fully equipped commercial kitchen. The upper level adds another 659 square feet, complete with a bar and open area perfect for private events or additional seating. The sale includes most of the existing restaurant equipment and furnishings, such as a walk-in cooler, stand-up cooler, commercial stove and hood, kitchen prep islands, tables, chairs, booths, and dishes/silverware (pizza oven and new freezer excluded). Two handicap-accessible bathrooms are conveniently located within the building. The property benefits from ample parking, with both street parking and a rear lot providing convenient access for deliveries and customers. Its prime location in downtown Oxford ensures high visibility and foot traffic, placing it within easy walking distance of other downtown businesses and attractions. This versatile property is ideal for a turnkey restaurant operation or can be easily adapted to suit a variety of other commercial uses, including office space or retail. The 0.06-acre lot provides sufficient space for operations and parking. This is a rare chance to acquire a well-established commercial property in a thriving historic district.

• CAP approach

  CAP return

  Valuation

  6%

  $660,945

  6.5%

  $610,103

  7%

  $566,524

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,739,950

  Geo Method

  $1,739,950

• Alternative Use

  Use

  Valuation

  Residential

  $514,645

  Hospitality

  $471,412

  Educational

  $392,209

  Medical

  $405,698

  Retail

  $610,103

Location Insight

City

Oxford

County

Granville

State

North Carolina

Latitude

36.3123

Longitude

-78.5883

CBSA code

20500

CBSA name

DURHAM-CHAPEL HILL, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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