Renovated Conventional
For Sale
$575,000
115 Main Street N, Faith, NC 28041
Commercial Sale, Faith, NC
Property Size3,597 SF
Lot Size0.22 Acres
Price / SF$159.86
Days on Market106
Property Features for 115 Main Street N
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
B-2
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1
Security features
Security System
Patio and Porch features
Porch
Accessibility
Accessible Approach with Ramp
Lot features
Corner Lot
Directions
I-85 N to exit 68. Turn right and stay on Hwy 152 E. TL onto Fiath Rd. Stay straight until you come to Main st/ downtown Faith. The property will be on your left, the corner building.
Standard status
Active
APN
413 112
Lot size
0.22 Acres
Taxes and HOA fees
Tax Description
.06 AC and .15AC
Legal Description
.06 AC and .15AC
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Central Air
Building Details
Year built
1939
Flooring type
Wood
Roof type
Metal
Listing Agency:
RE/MAX Leading Edge · RE/MAX International
(704) 786-7860
Listed By:
Karen Courtney · License #7043
(704) 791-5694
Added: Jun 29
Changed: Oct 7
Last Checked: Oct 12 at 12:06PM
MLS# 4398239
Copyright © 2026 Canopy MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located at 115 Main Street N in Faith, North Carolina, this restaurant property occupies approximately 3,597 square feet and was built in 1939. The interior includes wood flooring, a dining room with tables, chairs, and custom booths, an entry vestibule, two renovated bathrooms, and a front porch adapted for outdoor bar seating. Kitchen improvements include prep and steam tables, sandwich coolers, fryers, ovens, grills, warming equipment, freezers, refrigeration, storage racks, a floor mixer, dough separator, and proofer.
The property also features a smokehouse constructed in 2025 with a Southern Pride smoker, warming cabinet, and 8X11 walk-in cooler. Additional updates include plumbing, electrical service, lighting, a security system, tankless gas water heating, gas HVAC, and a new ceiling in the prep room and dish pit. Public and street parking are nearby, with public sewer and cable availability.
The property also features a smokehouse constructed in 2025 with a Southern Pride smoker, warming cabinet, and 8X11 walk-in cooler. Additional updates include plumbing, electrical service, lighting, a security system, tankless gas water heating, gas HVAC, and a new ceiling in the prep room and dish pit. Public and street parking are nearby, with public sewer and cable availability.
Key Highlights
- Approximately 3597 sqft restaurant property on Main Street N in Faith, NC
- Smokehouse built in 2025 with Southern Pride smoker, warming cabinet, and 8X11 walk‑in cooler
- Kitchen includes prep and steam tables, fryers, ovens, grills, coolers, freezers, and warming equipment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,912
Cap Rate
3.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$438,240
$438.2K
Cap Rate 7%
$313,029
$313.0K
Cap Rate 9%
$243,467
$243.5K
Market Conditions
NOI Build-Up for 3,597 SF
Gross rent
$34.1K $9.48/SF
− Vacancy
−$2.8K −$0.78/SF
EGI
$31.3K $8.70/SF
− OpEx
−$9.4K −$2.61/SF
NOI
$21.9K $6.09/SF
Area
Rowan County, NC
Vacancy
8.20%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$438,240
Cap Rate 7%
$313,029
Cap Rate 9%
$243,467
Alternative Uses
Best Use
Industrial
$313.0K
$273.9K – $365.2K
NOI $21,912 @ 7.0% cap · market cap 3.81%
Second Best
Specialty Retail
$296.5K
$259.5K – $346.0K
NOI $20,758 @ 7.0% cap · market cap 3.61%
Theoretical Best
Office A
$1.13M
$990.6K – $1.32M
NOI $79,249 @ 7.0% cap · market cap 13.78%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
64
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 28041, NC
30
Population
4
Households
7.5
Avg Household Size
27
Median Age
100%
High-School Grad
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant property with updated dining, kitchen, utility, and restroom improvements in Faith, North Carolina.
Where is this conventional restaurant located?
The property is located at 115 Main Street N Faith, NC.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Approximately 3597 sqft restaurant property on Main Street N in Faith, NC; Smokehouse built in 2025 with Southern Pride smoker, warming cabinet, and 8X11 walk‑in cooler; Kitchen includes prep and steam tables, fryers, ovens, grills, coolers, freezers, and warming equipment
