101 E Main St - Restaurant FOR SALE


Elkin, NC 28621
$980,000 USD
336-366-9212
101 E Main St, Elkin, NC for Sale
$980,000 USD
Restaurant - FOR SALE
1/18
null | Request Cap Rate

Aug '25


101 E Main St
Elkin, NC 28621


HIGHLIGHTS

  • Corner location
  • Open floorplan
  • Refurbished in 2019

OVERVIEW

The Former Belk Building, a prime commercial property in Historic Downtown Elkin. This 1.5-story masonry building, refurbished in 2019 as The Wisdom Table, boasts an open floorplan and nearly 30,000 sq ft of total building area with a basement. Featuring a replaced roof (2014), sprinkler system, electric heat pumps, new electrical, new plumbing, new light fixtures, and a natural gas furnace. The property has 115 feet of frontage on N Bridge St (US Hwy 21 Business) and over 50 feet on E Main St. Previously a restaurant and retail store, this building offers unlimited potential: re-establish a restaurant, create retail space, develop mixed-use office/retail, or explore civic, cultural, or multi-family options. Located in the vibrant Town of Elkin, near hiking, biking, and water trails, with easy access to I-77 and the Yadkin Valley AVA. Public parking is conveniently located less than a block away. The seller will place a deed restriction that prohibits off-site beer and wine sales (no bottle shops or grocery store like use) on the property for a period of 15 years. On-site beer and wine consumption is permitted including restaurants, bars, event center, tasting room, etc.

FOR SALE DETAILS

PRICE

$980,000 USD

PRICE/SF

$76 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Former Belk Building

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Bar, Storefront, Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1937

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,316 SF

ZONING

DMX

APN/PARCEL ID

4951-14-42-1895

ASK ABOUT THIS PROPERTY

Robert BallUnderdown, Ball & Associates, LLCMore Info
336-366-9212

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Robert BallUnderdown, Ball & Associates, LLCMore Info
336-366-9212

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.