309 Main StMount Holly, NC 28120

Property Details for 309 Main St

Year built

1963

Lot size

0.95 AC

Property size (Sq ft)

5,800 SF

Zone code

GOV01

Property type

Retail properties

Property subtype

Turn key restaurants

APN

123162

APU

123162

Description

This exceptional Gaston County restaurant property presents a unique investment opportunity. Located at 309 N. Main St., this single-tenant building offers 5,800 square feet of space, ideally suited for a thriving restaurant operation. Constructed in 1963 and extensively renovated in 2022, the property boasts modern amenities while retaining its character. The building itself comprises a single story, encompassing a total of 5,800 square feet on a 0.95-acre lot. The restaurant space itself is approximately 3,400 square feet, providing ample room for dining, kitchen operations, and support areas. The property's location in Gaston County offers excellent visibility and accessibility, making it an attractive proposition for both established and emerging restaurant businesses. The recent renovation ensures the space is move-in ready, minimizing upfront capital expenditures for potential tenants. This turnkey solution combines the charm of a well-established location with the benefits of a modern, updated facility. The property's size and layout offer flexibility for a variety of restaurant concepts, making it a highly versatile investment. This is a rare opportunity to acquire a fully renovated, single-tenant restaurant space in a desirable Gaston County location. The 0.95-acre lot provides ample space for outdoor seating or potential expansion. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $1,992,155

  6.5%

  $1,838,913

  7%

  $1,707,562

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,475,074

  Geo Method

  $2,475,074

• Alternative Use

  Use

  Valuation

  Residential

  $1,551,192

  Hospitality

  $1,420,883

  Educational

  $1,182,158

  Medical

  $1,222,814

  Retail

  $1,838,913

Location Insight

City

Mount Holly

County

Gaston

State

North Carolina

Latitude

35.3022

Longitude

-81.0158

CBSA code

16740

CBSA name

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

Property Tax & Assessments

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