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6309 Hillsborough St
Raleigh, NC 27606 Southwest Raleigh

$1,150,000

Restaurant For Sale  •  1,247 Sq Ft

Property Details

  • Property Type Restaurant
  • Total Building Size 1,247 Sq Ft
  • Lot Size 1.87 ac
  • Building Class C
  • Year Built 1957
  • Cap Rate 6.55 %
  • Tenancy Multiple
  • Zoning NB
27 Transit Score
28 Walk Score

Description

Restaurant building with existing long-term tenant and 14 mobile home lots with existing leases. Month to month Tenants will soon all be long-term leases. No vacancy, however, owner is putting rules and regulations in place to increase cash flow from additional parking spot leases.

Highlights

Heavy daytime taffic, ideally situated close to Wake Med Soccer Park, north of Fenton, and about mid-way between Cary Downtown and Raleigh.

Financial Summary (Proforma)

Net Operating Income: $75,288 (2020)
Cap Rate: 6.55 %
Total Expenses: $23,712

Amenities

  • Bus Line
  • Signage

Public Transportation

AirportDriveWalkDistance
Raleigh-Durham International Airport 17 min - 10.0 mi

Parking Details

Parking Available: No
Reserved: No
Type: Covered
Included in Rent: Yes
Scott Korbin 919-606-4500 FM Realty, A Long & Foster Company
Scott Korbin 919-606-4500 FM Realty, A Long & Foster Company