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QSR/Restaurant Opportunity 211 Murchison Rd 5,160 SF Retail Building Spring Lake, NC 28390 $1,151,634 CAD ($223.18 CAD/SF)



INVESTMENT HIGHLIGHTS
- 2,614 SF restaurant building with drive-thru.
- Large parking lot with 62 spaces.
- High traffic count of 65,500 vehicles daily.
- Zoned C3, spanning 1.12 acres.
- Pylon signage with excellent visibility.
- Proximity to 69,047 daytime population.
EXECUTIVE SUMMARY
This versatile 2,614-square-foot restaurant property at 211 Murchison Road in Spring Lake, NC, offers an exceptional opportunity for redevelopment or continued use as a quick-service restaurant. Currently operated as a Subway, the building will be sold vacant, providing flexibility for new owners or tenants. Zoned C3 and spanning 1.12 acres, the property features a large parking lot with 62 spaces and a convenient drive-thru, catering to high-traffic business models. A prominent pylon sign ensures excellent roadside visibility, while the property’s strategic layout supports a seamless customer experience. With a traffic count of 65,500 vehicles daily, the site boasts unmatched exposure to a consistent flow of potential customers.
Positioned in the dynamic Spring Lake area, the property benefits from its proximity to a growing residential and daytime population of 69,047 within a 5-mile radius. The surrounding area features a mix of commercial, retail, and residential developments, creating a robust consumer base with an average household income of $69,679. Nearby amenities include schools, healthcare facilities, and retail centers, making this a practical and convenient location for customers and employees alike. Accessibility is further enhanced by well-connected roadways, ensuring the property is easily reachable for both locals and commuters.
Positioned in the dynamic Spring Lake area, the property benefits from its proximity to a growing residential and daytime population of 69,047 within a 5-mile radius. The surrounding area features a mix of commercial, retail, and residential developments, creating a robust consumer base with an average household income of $69,679. Nearby amenities include schools, healthcare facilities, and retail centers, making this a practical and convenient location for customers and employees alike. Accessibility is further enhanced by well-connected roadways, ensuring the property is easily reachable for both locals and commuters.
TAXES & OPERATING EXPENSES (ACTUAL - 2024) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
TAXES & OPERATING EXPENSES (ACTUAL - 2024) Click Here to Access
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Owner User
Property Type
Retail
Property Subtype
Building Size
5,160 SF
Building Class
C
Year Built
1981
Price
$1,151,634 CAD
Price Per SF
$223.18 CAD
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.11
Lot Size
1.11 AC
Zoning
C3 - C3
Parking
62 Spaces (23.72 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Drive Thru
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 0501-83-7491 | Improvements Assessment | $367,022 CAD |
| Land Assessment | $101,233 CAD | Total Assessment | $468,255 CAD |
PROPERTY TAXES
Parcel Number
0501-83-7491
Land Assessment
$101,233 CAD
Improvements Assessment
$367,022 CAD
Total Assessment
$468,255 CAD
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QSR/Restaurant Opportunity | 211 Murchison Rd
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