Pinnacle Paradise | 3532 N Old 52 Rd
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Pinnacle Paradise 3532 N Old 52 Rd
1,447 SF 100% Leased Flex Building Pinnacle, NC 27043 $399,999 ($276/SF)
Investment Highlights
- Highway Frontage
- Ample Parking
- 3-Unit Flexible Use - additional rental income available
- Business in place with room to expand
Executive Summary
Come taste a slice of Paradise. 3-unit commercial building with large lot, highway frontage, and ample parking. Rare opportunity to acquire an established, income producing restaurant with 2 additional retail/office spaces offering room to grow. This versatile property currently features the successful Pinnacle Paradise, a thriving food service establishment serving up delectable take-out pizza, wings, ice cream, specialty beverages and more. Peak season generates $30-40k per month. Add restrooms and outdoor seating for more opportunity! Diversify your portfolio with a six-figure income producing business, real property with available space, restaurant equipment, and inventory included. 1.7+/- acres, prime highway frontage, and ample parking, this location could be home to a variety of other business types. Parcel extends beyond privacy fencing, including 2 septic systems & one private well. Mobile home to be removed from property upon closing, making way for further development opportunities. Just in time for the prime Summer season, come scoop up this opportunity today!
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
$216,000
|
$149.27
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$216,000
|
$149.27
|
| Taxes |
-
|
-
|
| Operating Expenses |
$162,000
|
$111.96
|
| Total Expenses |
$162,000
|
$111.96
|
| Net Operating Income |
$54,000
|
$37.32
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | $216,000 |
| Annual Per SF | $149.27 |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $216,000 |
| Annual Per SF | $149.27 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | $162,000 |
| Annual Per SF | $111.96 |
| Total Expenses | |
|---|---|
| Annual | $162,000 |
| Annual Per SF | $111.96 |
| Net Operating Income | |
|---|---|
| Annual | $54,000 |
| Annual Per SF | $37.32 |
Property Facts
| Price | $399,999 | Lot Size | 1.70 AC |
| Price Per SF | $276 | Rentable Building Area | 1,447 SF |
| Sale Type | Investment or Owner User | No. Stories | 1 |
| Property Type | Flex | Year Built | 1960 |
| Price | $399,999 |
| Price Per SF | $276 |
| Sale Type | Investment or Owner User |
| Property Type | Flex |
| Lot Size | 1.70 AC |
| Rentable Building Area | 1,447 SF |
| No. Stories | 1 |
| Year Built | 1960 |
Amenities
- Fenced Lot
- Freezer (Space)
- Restaurant
- Security System
- Signage
- Accent Lighting
- Storage Space
- Air Conditioning
- Smoke Detector
Utilities
- Water - Well
- Sewer - Septic Field
- Heating - Electric
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease End
- Pinnacle Paradise
- Accommodation and Food Services
- -
- -
- -
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease End | ||
| Pinnacle Paradise | Accommodation and Food Services | - | - | - |
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PROPERTY TAXES
| Parcel Number | 597402598160 | Total Assessment | $97,500 (2024) |
| Land Assessment | $57,200 (2024) | Annual Taxes | $0 ($0.00/SF) |
| Improvements Assessment | $40,300 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
597402598160
Land Assessment
$57,200 (2024)
Improvements Assessment
$40,300 (2024)
Total Assessment
$97,500 (2024)
Annual Taxes
$0 ($0.00/SF)
Tax Year
2023
zoning
| Zoning Code | Commercial (Commercial) |
| Commercial (Commercial) |
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Pinnacle Paradise | 3532 N Old 52 Rd
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