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Lil Ray's 854 NC-770

4,928 SF Retail Building Mayodan, NC 27027 £199,463 (£40/SF)

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.

Attachments

Septic permits for 854 & 850 NC Hwy 770
Rockingham County Zoning & Permitted Uses
854,852, & 850 NC Hwy 770 (Disclosure)
854,852, & 850 NC Hwy 770 (Aerials)

Financial Summary (Actual - 2024)

Annual Annual Per SF
Taxes £1,056 £0.21
Operating Expenses - -
Total Expenses £1,056 £0.21

Financial Summary (Actual - 2024)

Taxes
Annual £1,056
Annual Per SF £0.21
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual £1,056
Annual Per SF £0.21

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Bar
Building Size
4,928 SF
Year Built
1965
Price
£199,463
Price Per SF
£40
Tenancy
Single
Number of Floors
1
Building FAR
0.04
Lot Size
3.14 AC
Zoning
NC & RA - NC (Neighborhood Commercial) and RA (Residential Agriculture)
Frontage
615 ft on 854 NC Highway 770

Amenities

  • Corner Lot
  • Restaurant
  • Air Conditioning
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854 NC-770, Mayodan, NC - aerial map view - Image1
854 NC-770, Mayodan, NC - aerial map view - Image2
(336) 908-6528

Contact

  • Listing ID: 34235207

  • Date on Market: 18/12/2024

  • Last Updated:

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

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© 2024 CoStar Group

Lil Ray's | 854 NC-770
(336) 908-6528 x

Lil Ray's | 854 NC-770

Phillip Stone

(336) 908-6528

(336) 908-6528

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