100 King StKings Mountain, NC 28086

Property Details for 100 King St

Year built

1924

Lot size

0.23 AC

Property size (Sq ft)

1,048 SF

Zone code

CB

Property type

Gas stations

APN

6889

APU

6889

Description

This exceptional restaurant opportunity in Kings Mountain, NC, is offered at $1,195,000. The 6,184 square foot, single-tenant property sits on a 0.99-acre lot zoned CB (Central Business) and enjoys a prime location on West King Street, boasting 14,000 vehicles passing daily. The building, constructed in 1978, has undergone significant recent upgrades, including a new Duro-Last roof (installed 3 years ago, $38,000, 20-year warranty) and three new Carrier air conditioning units (installed 1 year ago, $25,000). The successful restaurant has operated for over 15 years, offering a proven track record. Its convenient location is within walking distance of national tenants like KFC, Family Dollar, and Advance Auto Parts, and is a short distance from the Historical Museum, Joy Performance Center, Kings Mountain City Hall, Highway 85, and Two Kings Casino. This sale includes both the business and the land, presenting a unique opportunity for immediate income generation and future growth potential. The property is currently 100% occupied. Kings Mountain City has specific standards for Central Business (CB) Districts.

• CAP approach

  CAP return

  Valuation

  6%

  $359,962

  6.5%

  $332,272

  7%

  $308,539

• Comparable approach

  Method

  Valuation

  Relative Method

  $447,220

  Geo Method

  $447,220

• Alternative Use

  Use

  Valuation

  Residential

  $280,284

  Hospitality

  $256,739

  Educational

  $213,604

  Medical

  $220,950

  Retail

  $332,272

Location Insight

City

Kings Mountain

County

Cleveland

State

North Carolina

Latitude

35.2406

Longitude

-81.3421

CBSA code

43140

CBSA name

SHELBY, NC MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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