Lil Ray's | 854 NC-770
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Lil Ray's 854 NC-770
4,928 SF Retail Building Mayodan, NC 27027 $250,000 ($51/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.
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
Building Size
4,928 SF
Year Built
1965
Price
$250,000
Price Per SF
$51
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 FT on 854 NC Highway 770
Amenities
- Corner Lot
- Restaurant
- Air Conditioning
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Lil Ray's | 854 NC-770
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