218 South Railroad Avenue
218 South Railroad Avenue, Kings Mountain, NC 28086-3342
Marketing description
This extensively renovated property at 218 S. Railroad Avenue offers a rare opportunity to acquire a modernized, mixed-use asset in the heart of Kings Mountain. Fully-gutted and rebuilt in 2024, the first floor is a turnkey, fully equipped second-generation restaurant with significant investment in infrastructure, equipment and entertainment features already in place. Above, the second floor is framed and prepped for four residential units, with major systems installed and plans available — positioning a new owner to complete the build-out and unlock additional income. This is a compelling opportunity combining a ready-to-go commercial space with meaningful value-add potential. The second floor is not yet completed but has been extensively prepared for four residential units. Major infrastructure is already in place, allowing a new owner to efficiently complete the build-out and unlock significant additional income. Plans for the apartment layout are available.
Investment highlights
- Fully gutted with all structural and non-structural framing completed
- Permitted through the City of Kings Mountain
- All new electrical service into the building, including new wiring and panels
- All new plumbing, including new water main and full connection to city sewer
- $250,000 fire sprinkler system installed
- New fire alarm system with hardwired smoke and carbon monoxide detectors on both floors
- New ADT security system
- ADA compliant
- Two new 10-ton Trane electric HVAC units
- New commercial storefront with aluminum framing and double insulated glass panels
- New stucco exterior
- Roof replaced in 2017 with a durable Duro-Last flat roof system
- Structural framing completed for two elevated rear decks overlooking Patriots Park (or potential solar installation!)
- The first floor is fully built out and operational, offering a true turnkey, second-generation restaurant opportunity. In operation since 2024, the space is already functioning as a high-energy venue-allowing a new owner to step in with minimal downtime and immediate revenue potential.
- Grease trap installed in crawl space, suitable for restaurant use
- Sale includes kitchen equipment valued at approximately $100,000
- Two walk-in freezers
- Beer wall system installed
- Three axe throwing lanes already built out
- Tables, chairs, and dining furnishings included
- The second floor is not yet completed but has been extensively prepared for four residential units. Major infrastructure is already in place, allowing a new owner to efficiently complete the build-out and unlock significant additional income. Plans for the apartment layout are available.
- Four apartment units fully framed in
- New aluminum-clad windows installed on the front façade (wood interior)
- Separate electrical panels and exterior meter boxes installed for each unit
- Plumbing rough-ins completed to each unit
- Shower and tub bodies already installed
- Hot water heaters on site with piping in place, ready for final installation
- Sheetrock & tile on site
- Fire sprinkler system ready for final head installation
- Dual staircase access enhances functionality & safety
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