223 Broad St - Retail FOR SALE


Milton, NC 27305
$295,000 USD
434-250-5206
223 Broad St, Milton, NC for Sale
$295,000 USD
Retail - FOR SALE
1/23
null | Request Cap Rate

Sep '26


223 Broad St
Milton, NC 27305


HIGHLIGHTS

  • Historic Milton Commercial Landmark One of Only Seven Commercial Buildings in Town Established Destination Restaurant – 12 Years Prime Corner Location
  • Rare opportunity to own a landmark commercial property in a thriving tourism corridor
  • Ideal for restaurant, brewery, wine bar, café, bistro, catering, retail, or event venue
  • Approx. 10 minutes from Hyco Lake
  • Approx. 3 minutes from VIR Raceway
  • Approx. 20 minutes from Caesars Virginia Resort & Casino

OVERVIEW

One of Only Seven Commercial Buildings in Historic Milton, North Carolina Historic Landmark • Established Destination Restaurant • Prime Tourism Corridor Seller will consider reasonable offers. Commercial opportunities like this are exceptionally rare. Located on a prominent corner in the heart of Historic Milton, North Carolina, this landmark property is one of only seven commercial buildings in the historic district, offering a truly irreplaceable opportunity to own a piece of North Carolina history while investing in an established hospitality destination. For more than twelve years, Milltown Saloon & Spirits has earned a reputation as a boutique destination restaurant, attracting loyal guests from across North Carolina and Virginia. The current concept has proven that exceptional dining experiences—not daily volume—can build a successful and respected business. Operating only two days per week, the restaurant offers tremendous opportunity for expansion while maintaining its established identity and loyal following. Constructed around 1900, this approximately 1,920-square-foot building showcases the craftsmanship and architectural character that define Historic Milton. Original brick construction with traditional horsehair mortar, preserved historic details, and timeless curb appeal create an atmosphere that simply cannot be duplicated in modern construction. Property Features Approximately 1,920 square feet Highly visible corner location Fully equipped commercial kitchen Full-service bar Dining room Two public entrances Two restrooms Three mini-split HVAC systems Outdoor pavilion Outdoor dining area Outdoor grilling station with gas connections Storage building Additional outdoor event space with expansion potential A Destination Location Historic Milton continues to attract visitors seeking authentic experiences, preserved architecture, motorsports, lake recreation, and small-town charm. The property is ideally positioned: Approximately 3 minutes from Virginia International Raceway (VIR) Approximately 10 minutes from Hyco Lake Approximately 20 minutes from Caesars Virginia Resort & Casino Approximately 45 minutes from Greensboro Approximately 1 hour from Raleigh A public walking trail runs directly beside the property, bringing residents and visitors through downtown. Adjacent to the restaurant is a beer garden featuring regular live music and community gatherings, creating additional foot traffic and enhancing the area's vibrant atmosphere. Historic Milton continues to invest in its future while preserving its heritage, including a new public mural planned for late fall through local arts partnerships, further strengthening the town's appeal as a cultural and tourism destination. Endless Possibilities Whether your vision is to continue the established restaurant or introduce something entirely new, this property offers exceptional flexibility. Ideal for: Destination Restaurant Brewery or Taproom Wine Bar Chef-Owned Bistro Café & Bakery Farm-to-Table Concept Event Venue Catering Headquarters Specialty Retail Mixed Hospitality Concept An Opportunity That Cannot Be Recreated You can build a new restaurant almost anywhere. You cannot recreate a historic corner property in the center of one of North Carolina's most charming preserved villages. You cannot duplicate twelve years of community recognition, a loyal customer base, proximity to VIR, Hyco Lake, and Caesars Virginia, or the unique setting that makes Historic Milton a destination in its own right. Whether you're an experienced restaurateur, an entrepreneur seeking a distinctive hospitality property, or an investor searching for a rare commercial asset, this offering represents far more than a building. It is an opportunity to own one of Historic Milton's defining landmarks and write the next chapter in its story. Commercial properties in Historic Milton rarely become available. Discover why this remarkable landmark has become a destination for diners, travelers, and entrepreneurs alike—and imagine what you'll create next. Shown by appointment only.

FOR SALE DETAILS

PRICE

$295,000 USD

PRICE/SF

$154 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Bar, Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

C-1/MU

APN/PARCEL ID

2003.00.04.0001.0000

ASK ABOUT THIS PROPERTY

Alex SharpMilltown EateryMore Info
434-250-5206

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Alex SharpMilltown EateryMore Info
434-250-5206

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