2693 Memorial Hwy - Restaurant FOR SALE


Lake Lure, NC 28746
$1,840,000 USD
828-785-0133
2693 Memorial Hwy, Lake Lure, NC for Sale
$1,840,000 USD
Restaurant - FOR SALE
1/1
null | 7.83% Cap Rate

NEW


2693 Memorial Hwy
Lake Lure, NC 28746


HIGHLIGHTS

  • Gorgeous mountain and Lake Lure Views
  • 4 parcels with 54 parking spots in the heart of Lake Lure
  • One of a kind location overlooking Lake Lure Beach across from the Historic Inn

OVERVIEW

Exceptional 2.15-acre property across from Lake Lure’s shimmering waters, offering four prime parcels with unparalleled mountain, 54 parking spots and lake views in a rare, high-demand location where commercial properties are scarce! Perfect for investment or development, this gem sits on Memorial Hwy (US 64/74A), steps from Lake Lure’s iconic beach. This 5359 sq ft. restaurant property (not included, separately owned) operates under a triple net lease, generating $144,000 in annual rent through May 1, 2030, with three 5-year extension options starting April 30, 2030. The tenant holds a first right of refusal. Possession delivered at closing, subject to the existing lease. Seize this unique opportunity to own a premier lakeside asset in Lake Lure’s coveted market!

FOR SALE DETAILS

PRICE

$1,840,000 USD

PRICE/SF

$390 USD /SF

CAP RATE

7.83%

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

54

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

Commercial, 2 parcels Res

APN/PARCEL ID

1636030

ASK ABOUT THIS PROPERTY

Friedrich Jaeger FaberWeichert Realtors - Mountain ExecutivesMore Info
828-785-0133

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Friedrich Jaeger FaberWeichert Realtors - Mountain ExecutivesMore Info
828-785-0133

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