www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
29001723
29001718

267 Comtech Dr, Pembroke, NC 28372 For Sale

NP
NC NC 305394
United Real Estate
Listed by United Real Estate
Unpriced
209 days on market
Updated 56 days ago

BUILDING AND BUSINESS ON FEDERALLY RECOGNIZED LUMBEE LAND

Details
Property Type Business for Sale, Hospitality (+3)
Sub Type Business and Building, Casino (+1)
Square Footage 12,410
Units 1
Cap Rate 10.00%
Class B
Acreage 2.240
Investment Type Value Add

Federal recognition materially enhances regional optionality! Seller Finance Available! 10% Utilize

Marketing description

Non-underwritten optionality:

Pro forma NOI reflects optimized hospitality and event operations only. Any gaming, casino, or specialized entertainment use is not included in underwriting and would be subject to separate feasibility studies, regulatory approvals, and capital investment.

LISTING REPOSITIONING — RARE OPPORTUNITY YOU DO NOT WANT TO MISS.

26 Commerce Plaza Drive is being offered under an unpriced, submit-your-best-offer strategy following a material shift in demand and buyer interest. Early pricing discussions were based solely on the value of the existing business and building prior to recent regional and regulatory developments.

Since that time, interest in the asset has skyrocketed, with multiple offers already in hand. Given the rapid expansion of the buyer pool and the range of potential use cases now being evaluated, the seller believes open market discovery best reflects the property’s current and future value.

Whether your vision includes a casino-adjacent entertainment concept, dispensary, destination steakhouse, large-scale event hall, boutique hotel, or hybrid hospitality platform, this property offers the infrastructure and positioning to support it.

Recent end-of-year federal recognition developments involving the Lumbee Tribe have materially changed the long-term economic narrative of the region. While any gaming, casino, or specialized use would require separate regulatory approvals, these developments have immediately increased investor and developer interest in strategically located, entertainment-ready assets such as this one.

The Property:

Discover a one-of-a-kind commercial venue located at 26 Commerce Plaza Drive in Pembroke, North Carolina—an architectural standout originally built as a fine dining restaurant and later transformed into a highly sought-after event space. Situated on 2.24 meticulously developed acres, this 12,410-square-foot steel-framed structure was designed by a civil engineer with durability, efficiency, and expansion in mind. Every element—from the dual commercial kitchens and custom indoor waterfall, to the reinforced flood-resistant foundation and solar-ready roof—was built with intention.

The property is equipped with two full kitchens, a bar, a private electrical room for simplified maintenance, double insulation, and a water-based passive cooling system, all contributing to exceptionally low operating costs. With 30+ weddings booked annually solely through referrals and no paid marketing, the venue currently operates at approximately 10% of its true potential, creating immediate upside through pricing optimization, expanded programming, and additional event volume.

Utilities remain efficient year-round, and the infrastructure allows for seamless expansion—whether through boutique lodging, a wellness or retreat concept, or an elevated destination hospitality use. The property benefits from a strategic location just 10 minutes from I-95, 5 minutes from UNC Pembroke, and under an hour from Fort Liberty, drawing regional demand from education, military, healthcare, and surrounding counties. The combination of natural elegance, lakefront serenity, and accessibility positions this asset as a true destination.

For investors, the appeal is clear: in-place cash flow today with significant long-term optionality. Seller financing is available, and the seller is offering extensive transition support, including operational guidance and assistance with existing bookings. For the first time since it was built, this extraordinary property is being offered to the market. The seller—an engineer who poured years of craftsmanship into the space—is ready to pass the torch to the next visionary who can unlock its full potential and carry the legacy forward.

You won’t want to miss this lucrative opportunity. Seller financing available.

Investment highlights

Development & Expansion Potential

Recent end-of-year federal recognition developments involving the Lumbee Tribe have materially shifted the long-term economic and development landscape of the region, significantly increasing demand for well-positioned hospitality and entertainment assets such as this.

Federal recognition has expanded the scope of potential tribal economic development initiatives in the area, drawing increased attention from institutional, hospitality, and gaming-adjacent investors seeking early positioning. While any specialized or gaming use would require separate approvals, properties with existing entertainment infrastructure, municipal alcohol allowances, and scalable layouts are increasingly viewed as rare, strategic assets ahead of broader market repricing.

Flexible Use Cases:

  • Hospitality & Event Venue: Continue as a high-demand wedding and event venue with capacity for 350+ guests.

  • Restaurant or Brewery: Reintroduce as a fine dining restaurant, craft brewery, or upscale bar concept.

  • Medical or Wellness Retreat: Ideal for spa, clinic, or therapeutic center with lakefront serenity.

  • Boutique Hotel Development: Designated lakefront land for boutique lodging or second event facility.

Property-Ready Infrastructure:

  • Steel-Framed Construction: 12,410 sq. ft. building engineered for durability and future adaptability.

  • Two Fully Equipped Kitchens & Bar – Includes large prep areas, refrigeration, vent hoods, and plumbing. Ideal setup for restaurant operators, caterers, or event hosts looking for immediate functionality without renovation costs.

  • Indoor-Outdoor Flow: Oversized glass doors open to large lake-facing patio—perfect for events or dining.

  • Flood-Resilient: Lot is 3 ft. above grade with a granite retaining wall—proven to withstand historic flooding.

  • Utility-Efficient: Dual-layer 12" insulation, solar-ready roof, and water-based cooling system minimize overhead.

Scenic & Event-Ready Features

  • Custom Indoor Waterfall: Hand-placed boulders & a stunning pond centerpiece, surrounded by tropical plants.

  • Lakeside Ceremony Patio: Outdoor space with seating for 350+, framed by landscaped gardens and water views and koi pond.

  • Hidden Garden Walkway: Guests enter through an arbor-framed trail with waterfalls and a wooden bridge reveal.

  • Fountain & Lake Views: 20-ft lake fountain, walking paths, and a lush natural backdrop for photo ops or meditation.

Expansion Options:

  • Space for additional structure (e.g. second hall or retreat wing)

  • Room to build lakefront boutique cabins or spa bungalows

  • Potential to host ticketed festivals, pop-ups, or large-scale retreats

This is a venue built with intention, ready for new visionaries to scale or evolve it into something extraordinary.

Current Business Model:

Current Operations (Seller’s Model)

  • ~40 weddings/year at ~$8.5K each (venue + full catering included)

  • Revenue: ~$340,000

  • Overhead is minimal (owner-built, energy-efficient structure, very low utilities, and lean staff costs).

  • Net Profit: ~90% → ~$300,000+ NOI

  • Cap Rate: ~9.6% at asking price of $3.1M

Optimized Operations (Market Model)

  • 50 weddings/year at $35K (current all-inclusive market rate in NC/SC) → $1.75M

  • 20 weekday corporate events at $10K each → $200K

  • 15 college-sponsored events (UNC Pembroke, <5 minutes away) at $7,500 average each → $112K

  • Total Annual Revenue: ~$2.06M

Listing Contacts

NP
NC NC 305394
United Real Estate
Listed by United Real Estate

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$--
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--

Valuation Metrics

0
DSCR
--
Cap Rate
--
ROI

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Similar Properties

View All

Additional Information

Name
Natalie Pearse
License
NC 305394
Brokerage
United Real Estate Triangle
Brokerage Phone
9198393131
Title
Leading Real Estate Broker/ Owner
Brokerage Address
5650 Six Forks Road
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591