127 Williamsboro StOxford, NC 27565

  • Turn key restaurants
  • 3,008 SF
For Sale
$420,000 View listing

Property Details for 127 Williamsboro St

Year built
1901
Lot size
0.03 AC
Property size (Sq ft)
3,008 SF
Property type
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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $536,966
    6.5%
    $495,661
    7%
    $460,257
  • Comparable approach

    Method
    Valuation
    Relative Method
    $718,075
    Geo Method
    $718,075
  • Alternative Use

    Use
    Valuation
    Industrial / Distribution
    $991,613
    Mixed-Use / Specialty
    $483,781
    Hospitality / Lodging
    $341,769
    Office
    $470,374
    Institutional / Educational
    $499,323
    Residential Income
    $584,208
    Multifamily
    $756,730
    Automotive / Energy
    $427,991
    Parking / Income-Based Land
    $157,686
    Restaurant / Food Service
    $230,036
    Healthcare / Senior Housing
    $506,479

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$3,691
$48,976
$224,425
$273,401
-
$48,976
$224,425
$273,401

FAQs

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