223 Broad St 1,920 SF Retail Building Milton, NC 27305 $295,000 ($153.65/SF)

One of Only Seven Commercial Buildings in Historic Milton, North Carolina
Historic Landmark • Established Destination Restaurant • Prime Tourism Corridor
Seller will consider reasonable offers.
Commercial opportunities like this are exceptionally rare.
Located on a prominent corner in the heart of Historic Milton, North Carolina, this landmark property is one of only seven commercial buildings in the historic district, offering a truly irreplaceable opportunity to own a piece of North Carolina history while investing in an established hospitality destination.
For more than twelve years, Milltown Saloon & Spirits has earned a reputation as a boutique destination restaurant, attracting loyal guests from across North Carolina and Virginia. The current concept has proven that exceptional dining experiences—not daily volume—can build a successful and respected business. Operating only two days per week, the restaurant offers tremendous opportunity for expansion while maintaining its established identity and loyal following.
Constructed around 1900, this approximately 1,920-square-foot building showcases the craftsmanship and architectural character that define Historic Milton. Original brick construction with traditional horsehair mortar, preserved historic details, and timeless curb appeal create an atmosphere that simply cannot be duplicated in modern construction.
Property Features
Approximately 1,920 square feet
Highly visible corner location
Fully equipped commercial kitchen
Full-service bar
Dining room
Two public entrances
Two restrooms
Three mini-split HVAC systems
Outdoor pavilion
Outdoor dining area
Outdoor grilling station with gas connections
Storage building
Additional outdoor event space with expansion potential
A Destination Location
Historic Milton continues to attract visitors seeking authentic experiences, preserved architecture, motorsports, lake recreation, and small-town charm.
The property is ideally positioned:
Approximately 3 minutes from Virginia International Raceway (VIR)
Approximately 10 minutes from Hyco Lake
Approximately 20 minutes from Caesars Virginia Resort & Casino
Approximately 45 minutes from Greensboro
Approximately 1 hour from Raleigh
A public walking trail runs directly beside the property, bringing residents and visitors through downtown. Adjacent to the restaurant is a beer garden featuring regular live music and community gatherings, creating additional foot traffic and enhancing the area's vibrant atmosphere.
Historic Milton continues to invest in its future while preserving its heritage, including a new public mural planned for late fall through local arts partnerships, further strengthening the town's appeal as a cultural and tourism destination.
Endless Possibilities
Whether your vision is to continue the established restaurant or introduce something entirely new, this property offers exceptional flexibility.
Ideal for:
Destination Restaurant
Brewery or Taproom
Wine Bar
Chef-Owned Bistro
Café & Bakery
Farm-to-Table Concept
Event Venue
Catering Headquarters
Specialty Retail
Mixed Hospitality Concept
An Opportunity That Cannot Be Recreated
You can build a new restaurant almost anywhere.
You cannot recreate a historic corner property in the center of one of North Carolina's most charming preserved villages. You cannot duplicate twelve years of community recognition, a loyal customer base, proximity to VIR, Hyco Lake, and Caesars Virginia, or the unique setting that makes Historic Milton a destination in its own right.
Whether you're an experienced restaurateur, an entrepreneur seeking a distinctive hospitality property, or an investor searching for a rare commercial asset, this offering represents far more than a building.
It is an opportunity to own one of Historic Milton's defining landmarks and write the next chapter in its story.
Commercial properties in Historic Milton rarely become available. Discover why this remarkable landmark has become a destination for diners, travelers, and entrepreneurs alike—and imagine what you'll create next.
Shown by appointment only.