Log In/Sign Up
Your email has been sent.
2693 Memorial Hwy 5,359 SF Retail Building Lake Lure, NC 28746 $2,535,023 CAD ($473.04 CAD/SF) 7.83% Cap Rate
INVESTMENT HIGHLIGHTS
- Gorgeous mountain and Lake Lure Views
- One of a kind location overlooking Lake Lure Beach across from the Historic Inn
- 4 parcels with 80 parking spots in the heart of Lake Lure
EXECUTIVE SUMMARY
Exceptional 2.15-acre property across from Lake Lure’s shimmering waters, offering four prime parcels with unparalleled mountain, 80 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!
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$198,393
|
$37.02
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$198,393
|
$37.02
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $198,393 |
| Annual Per SF | $37.02 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $198,393 |
| Annual Per SF | $37.02 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS Under Contract
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
5,359 SF
Building Class
B
Year Built
2005
Price
$2,535,023 CAD
Price Per SF
$473.04 CAD
Cap Rate
7.83%
NOI
$198,393 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
1.07 AC
Zoning
Commercial, 2 parcels Res - The main parcel where the restaurant is located is Commercial while 2 of the parcels at the top of the property are zoned residential.
Parking
54 Spaces (10.08 Spaces per 1,000 SF Leased)
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- La Strada
- Accommodation and Food Services
- -
- $36.79 CAD
- Triple Net
- Apr 2030
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| La Strada | Accommodation and Food Services | - | $36.79 CAD | Triple Net | Apr 2030 |
PROPERTY TAXES
| Parcel Number | 1636030 | Improvements Assessment | $450,500 CAD (2025) |
| Land Assessment | $497,436 CAD (2025) | Total Assessment | $947,936 CAD (2025) |
PROPERTY TAXES
Parcel Number
1636030
Land Assessment
$497,436 CAD (2025)
Improvements Assessment
$450,500 CAD (2025)
Total Assessment
$947,936 CAD (2025)
1 of 24
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
2693 Memorial Hwy
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.