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Lil Ray's 854 NC-770 4,928 SF Retail Building Mayodan, NC 27027 $219,500 ($44.54/SF)

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INVESTMENT HIGHLIGHTS

  • Previously was nightclub, grill, and gas station
  • Lots of Potential Uses
  • Offers 2 rentals properties behind the store

EXECUTIVE SUMMARY

Lots of Potential! Sprawling 3.29 Acres that has split zoning (Neighborhood Commercial and Residential). Property currently consists of: 1 level 3400 SQ Ft concrete block building with unfinished space for additional storage and two mobile homes that offer additional rental income. 1 well and 3 septic systems. Two (4,000 gallon gas tanks). Roof (2023) added to main building. Most of the equipment conveys. Main building has been used in many capacities over the years. Most recently, it has been a gas station, grill and nightclub.

FINANCIAL SUMMARY (ACTUAL - 2024)

ANNUAL ANNUAL PER SF
Taxes $1,324 $0.27
Operating Expenses - -
Total Expenses $1,324 $0.27

FINANCIAL SUMMARY (ACTUAL - 2024)

Taxes
Annual $1,324
Annual Per SF $0.27
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual $1,324
Annual Per SF $0.27

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Bar
Building Size
4,928 SF
Building Class
C
Year Built
1965
Price
$219,500
Price Per SF
$44.54
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
3.14 AC
Zoning
NC & RA - NC (Neighborhood Commercial) and RA (Residential Agriculture)
Frontage
615’ on 854 NC Highway 770

AMENITIES

  • Corner Lot
  • Restaurant
  • Air Conditioning
  • Listing ID: 34235207

  • Date on Market: 12/18/2024

  • Last Updated:

  • Address: 854 NC-770, Mayodan, NC 27027

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