10146 N Main St - Bar FOR SALE


Archdale, NC 27263
$3,200,000 USD
336-250-2494
10146 N Main St, Archdale, NC for Sale
$3,200,000 USD
Bar - FOR SALE
1/9
null | 16% Cap Rate

10146 N Main St
Archdale, NC 27263


HIGHLIGHTS

  • Within walking distance to 6 hotels.
  • Great location with close proximity to I-85
  • Estimated daily traffic count of 17,500 on N Main St (NCDOT 2023).
  • Ample parking available (45 total spaces).

OVERVIEW

Fire House Tap Room is a beautifully repurposed former Archdale Fire Station. The property was completely remodeled and upfitted in 2022 to include electrical, plumbing, and four additional HVAC systems. The property sits on +/-1.29 AC and has a large paved lot. The property is a thriving bar and food truck commissary. The commissary is on the left wing of the building and has a separate entrance that has been configured to accommodate 30 individual food truck businesses with a full prep kitchen, individual storage spaces, and a new 10' X 30' walk-in cooler. The commissary is completely separate from the bar and has no access to any other part of the building. The commissary is profitable with an annual income of $145K. The spacious bar area has a unique and attractive L-shaped bar with two mixing stations, each with refrigeration units and extra work area. There is also a neat and well appointed beer tap station located in the bar area. The space boasts a lighted high ceiling with nice chandeliers and reflection units as well as strobe lighting. There is a bandstand and dance floor section as well as other unique appointments. There is plenty of seating available in the bar. There are three overhead doors with glass panels that overlook large outdoor terrace that is fenced and has multiple conversation areas complete with canvas awnings to protect from the elements. The space also has a quiet well appointed lounge are with upholstered furnishings centered around functional fireplace, making it a nice conversational area. There is also an expansive parking lot which can accommodate 45 vehicles. The list pricing reflects a cap rate of 16% for the bar and when coupled with the commissary, the cap rate jumps to a stunning 20% based on 2024 earnings. This property is a must see for investors and end users alike!

FOR SALE DETAILS

PRICE

$3,200,000 USD

PRICE/SF

$468 USD /SF

CAP RATE

16%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bar

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1975

SPRINKLERS

-

PARKING SPACES

16

LAND DETAILS

LAND ACRES

1.29 AC

LAND SF

56,192 SF

ZONING

B1T

APN/PARCEL ID

7718-65-4919

ASK ABOUT THIS PROPERTY

Donald SwingDeLille | Field Commercial Real EstateMore Info
336-250-2494

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Donald SwingDeLille | Field Commercial Real EstateMore Info
336-250-2494

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