357 Generals BlvdLincolnton, NC 28092

Property Details for 357 Generals Blvd

Year built

1996

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

3.95 AC

Property size (Sq ft)

10,386 SF

Zone code

P-B

Property type

Turn key restaurants

APN

58277

APU

58277

Description

This exceptional 10,386-square-foot retail or restaurant property, located at 357 N Generals Blvd in Lincolnton, North Carolina, presents a compelling investment opportunity. The single-tenant building sits on a sizable 4.02-acre lot, offering significant redevelopment potential. Currently vacant, the space is ideal for a variety of uses, given its Pedestrian Business (P-B) zoning. The property features ample parking with 175 spaces, ensuring convenient access for customers and employees. Its prominent location on Generals Blvd provides excellent visibility and signage opportunities, maximizing exposure for any business. The property's APN is 58277, and it is located in Lincoln County, North Carolina, zip code 28092. The substantial size of the lot and the building's existing infrastructure make this a highly attractive option for entrepreneurs seeking a well-positioned space in a growing community. This is a second-generation restaurant space, offering a ready-made foundation for a new culinary venture or a different retail concept. The property's location offers easy accessibility and high visibility, making it an ideal choice for businesses seeking a strong presence in Lincolnton. The ample parking further enhances the property's appeal to potential tenants or buyers.

• CAP approach

  CAP return

  Valuation

  6%

  $3,567,332

  6.5%

  $3,292,922

  7%

  $3,057,713

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,432,088

  Geo Method

  $4,432,088

• Alternative Use

  Use

  Valuation

  Residential

  $2,777,703

  Hospitality

  $2,544,361

  Educational

  $2,116,878

  Medical

  $2,189,681

  Retail

  $3,292,922

Location Insight

City

Lincolnton

County

Lincoln

State

North Carolina

Latitude

35.4871

Longitude

-81.2457

CBSA code

16740

CBSA name

CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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