104 Church StRowland, NC 28383

Property Details for 104 Church St

Year built

1955

Construction

FRAME

Lot size

0.51 AC

Property size (Sq ft)

3,394 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

370702001

APU

370702001

Description

This exceptional commercial property located at 104 Church Street, Unit 104, Rowland, NC, presents a rare opportunity to acquire a piece of local history. Known as "The Pink Restaurant," this iconic establishment has been a beloved community fixture since the 1950s, building a strong reputation and loyal customer base. The property is being offered at $150,000 and presents significant potential for a variety of uses. While the current structure holds immense nostalgic value, it offers a blank canvas for a visionary entrepreneur. Imagine the possibilities: reviving the restaurant's legendary status, transforming it into a modern eatery, or repurposing the space entirely. The building's prime location in Rowland, NC, ensures high visibility and accessibility. This is a chance to own a piece of history and create a new chapter in this property's rich legacy. The property's history includes lines of customers wrapping around the building, a testament to its enduring appeal. Don't miss this once-in-a-lifetime opportunity to own a piece of Rowland's heritage and build upon its established success. The property is classified as General Commercial and sits on a 0-acre lot. The square footage is not currently specified.

• CAP approach

  CAP return

  Valuation

  6%

  $1,291,227

  6.5%

  $1,191,902

  7%

  $1,106,766

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,954,422

  Geo Method

  $1,963,228

• Alternative Use

  Use

  Valuation

  Residential

  $1,005,414

  Hospitality

  $920,954

  Educational

  $766,223

  Medical

  $792,574

  Retail

  $1,191,902

Location Insight

City

Rowland

County

Robeson

State

North Carolina

Latitude

34.5348

Longitude

-79.2935

CBSA code

31300

CBSA name

LUMBERTON, NC MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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