Stanley Commercial Opportunity For
119 N Main Street Stanley, NC 28164
For Sale
$699,900
Commercial property in Stanley, formerly a restaurant, high visibility.
Property Size2,364 SF
Price / SF$296.07
Days on Market386
Property Features for 119 N Main Street
General Information
- Standard status
- Active
- Size
- 2,364 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1979
Listing Agency:
APPLE REALTY OF LINCOLNTON
(704) 736-9559
Listed By:
MARSHA JORDAN · License #67614
Source:
Corcoran
Added: Jul 7, 2025
Changed: Jul 6
Last Checked: Jul 26 at 9:05AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of APPLE REALTY OF LINCOLNTON
Investment Insights
Based on property information with market context.
This commercial property in Stanley, North Carolina, presents a business opportunity with high visibility. The property, formerly a restaurant, offers 2364 square feet of space. Natural gas and other utilities are available at the property, making it suitable for various restaurant or retail uses.
Key Highlights
- High visibility location in Stanley.
- Commercial/business opportunity.
- Formerly a restaurant.
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $49.6k | $21.00 |
| − Vacancy | −$3.2k | −$1.37 |
| EGI | $46.4k | $19.64 |
| − OpEx | −$11.6k | −$4.91 |
| NOI | $34.8k | $14.73 |
2,364 SF · lease $21.00/SF/yr · vacancy 6.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$497.3K
$435.2K – $580.2K
NOI $34,813 @ 7.0% cap · market cap 4.97%
Second Best
Retail
$414.6K
$362.8K – $483.7K
NOI $29,022 @ 7.0% cap · market cap 4.15%
Theoretical Best
Office A
$744.1K
$651.1K – $868.1K
NOI $52,084 @ 7.0% cap · market cap 7.44%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Pop’s Country Skillet
Restaurant
Similar Off Market Nearby
- Chef Lashun — 811 N Buckoak St, Stanley, NC 28164
FAQs
What type of property is this?
Restaurant - Commercial property in Stanley, formerly a restaurant, high visibility.
Where is this restaurant located?
The property is located at 119 N Main Street Stanley, NC.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: High visibility location in Stanley.; Commercial/business opportunity.; Formerly a restaurant.
