1200 N. Washington Street | 1200 N Washington St
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1200 N. Washington Street 1200 N Washington St
6,794 SF Retail Building Shelby, NC 28150 £782,450 (£115/SF)
Investment Highlights
- Nestled in the foothills of the Blue Ridge Mountains, spanning over 12 acres with two ponds accentuating its picturesque setting.
- Turnkey opportunity inclusive of event furniture and a sound system.
- Access to the property along Lake Road could potentially represent a residential development opportunity.
- Formerly a popular restaurant, the property boasts a commercial kitchen featuring a 17-foot hood and an existing grease trap.
- The main event hall underwent renovation in 2019, offering over 5500 square feet of space for various occasions.
- The pool house has been repurposed into a groom suite while the existing patio of over 3500 square feet presents the potential for conversion into a b
Executive Summary
Explore an exceptional investment opportunity with this renovated 6,794 SF property. Nestled in the foothills of the majestic Blue Ridge Mountain, Shelby, NC is ideally situated near Charlotte, Asheville, and Greenville which enhances its appeal to prospective investors interested in an event venue space. Spanning over 12 acres and accented by two ponds, this setting offers a rare opportunity for a visionary investor. Formerly a popular restaurant and currently used as a wedding event venue, the property has a commercial kitchen with a 17-foot hood and grease trap. Renovated in 2019, the main event hall includes over 5500 SF of versatile space including ample seating areas, a bar, and storage. Event furniture and sound system available with acceptable offer ensuring a turnkey transition. Existing lease expires May 2024.
Taxes & Operating Expenses (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
£2,925
|
£0.43
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
£2,925
|
£0.43
|
Taxes & Operating Expenses (Actual - 2024)
| Taxes | |
|---|---|
| Annual | £2,925 |
| Annual Per SF | £0.43 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | £2,925 |
| Annual Per SF | £0.43 |
Property Facts Under Contract
Sale Type
Owner User
Sale Conditions
Property Type
Retail
Property Subtype
Restaurant
Building Size
6,794 SF
Year Built/Renovated
1953/2019
Price
£782,450
Price Per SF
£115
Number of Floors
1
Building FAR
0.57
Lot Size
0.27 AC
Zoning
RO-CU
Nearby Major Retailers
1 of 40
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1200 N. Washington Street | 1200 N Washington St
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