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10146 N Main St
Archdale, NC 27263
Retail Property For Sale


INVESTMENT HIGHLIGHTS
- Within walking distance to 6 hotels.
- Estimated daily traffic count of 17,500 on N Main St (NCDOT 2023).
- Great location with close proximity to I-85
- Ample parking available (45 total spaces).
EXECUTIVE SUMMARY
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!
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!
PROPERTY FACTS Under Contract
Sale Type
Investment
Property Type
Retail
Property Subtype
Bar
Building Size
6,840 SF
Building Class
C
Year Built/Renovated
1975/2022
Price
$4,407,392 CAD
Price Per SF
$644.36 CAD
Tenancy
Single
Building Height
1 Story
Loading Docks
3 Exterior
Building FAR
0.12
Lot Size
1.29 AC
Zoning
B1T
Parking
45 Spaces (6.58 Spaces per 1,000 SF Leased)
Frontage
157’ on Main
AMENITIES
- Bus Line
- Pylon Sign
- Signage
PROPERTY TAXES
| Parcel Number | 7718-65-4919 | Improvements Assessment | $570,676 CAD |
| Land Assessment | $504,722 CAD | Total Assessment | $1,075,398 CAD |
PROPERTY TAXES
Parcel Number
7718-65-4919
Land Assessment
$504,722 CAD
Improvements Assessment
$570,676 CAD
Total Assessment
$1,075,398 CAD
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