Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Restaurant Opportunity in Cherryville, NC Title is generated by Realmo AI

    801 W Church Street, Cherryville, NC 28021

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $199,000

    Commercial property with restaurant equipment in a prime location.

    Type:Commercial
    Property size:
    2,102 SF
    Price / SF:
    $94/SF
    Added:
    Sep 25, 2025
    Days on Market:
    236
    Last Refresh:
    Apr 5 at 9:22 pm

    Property Features for 801 W Church Street

    General Information

    Standard status
    Active
    Size
    2,102 SF
    Property subtype
    Commercial

    Building Details

    Year Built
    1938

    We can help!

    Listing Contact
    MARVIN BIDDIX
    MARVIN BIDDIX

    Listing agent MARVIN BIDDIX License #269033

    Listing office RE/MAX SELECT

    Listing date Sep 25, 2025

    Source Corcoran

    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 RE/MAX SELECT

    HighLights

    • Prime corner lot location in Cherryville, NC.
    • Equipped with commercial‑grade kitchen appliances including a grill, fryers, refrigerator, and freezer.
    • Turnkey restaurant setup featuring a dining area, service counter, and booth seating.
    • Versatile space suitable for various business ventures.
    • Thriving small‑town setting.
    • Previously operated as a restaurant.

    Overview

    This commercial property, formerly a restaurant, is located on a corner lot in Cherryville, NC. The 2102-square-foot space includes a dining area with a service counter and booth seating. It is equipped with commercial-grade appliances, including a grill, fryers, refrigerator, and freezer. This property presents a business opportunity in a small-town setting.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Conventional restaurants

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cherryville
    County
    Gaston
    State
    North Carolina
    Longitude
    -81.3712
    Latitude
    35.3851

    Nearby Similar for Sale

    • $8,995,000

      Industrial Asset on 72+ Acres

      Large industrial property in Cherryville, NC, with redevelopment potential.
      1201 E Church Street, Cherryville, NC 28021
      View Details
    • $150,000

      Cherryville Duplex: Investor Opportunity

      Duplex in Cherryville, NC with value-add potential.
      512 W 2nd Street, Cherryville, NC 28021
      View Details
    • $1,200,000
      3,935 SF

      C-Store Opportunity Near I-85

      3,935 SF C-Store with high visibility and strong sales.
      1410 E. Church Street, Cherryville, NC 28021
      View Details
    • $1,850,000
      75,000 SF

      Spacious Industrial Facility on 10 Acres

      75,000+ sq ft industrial space near major highways.
      900 W Academy Street, Cherryville, NC 28021
      View Details
    • $899,000
      4,150 SF

      Move-in Ready Medical Facility

      Well-maintained medical facility in downtown Cherryville with ample parking.
      112 S Oak Street, Cherryville, NC 28021
      View Details
    • $1,700,000

      Historic Mill Redevelopment Opportunity

      Redevelopment opportunity near downtown Cherryville with strong local support.
      501 N Mountain Street, Cherryville, NC 28021
      View Details
    • $2,900,000
      65,000 SF

      Industrial Building in Cherryville, NC

      65,000 SF industrial building on 9.69 AC for sale.
      254 Tot Dellinger Rd, Cherryville, NC
      View Details
    • $850,000
      4,800 SF

      Former Credit Union Office Building

      Brick building with flexible layout on 1.5 acres.
      416 S Main St, Cherryville, NC
      View Details

    FAQs

    What type of property is this?
    Conventional restaurant - Commercial property with restaurant equipment in a prime location.
    Where is this conventional restaurant located?
    The property is located at 801 W Church Street Cherryville, NC.
    What is the asking price?
    The asking price for this property is $199,000.
    What are key features of this property?
    This property features: Prime corner lot location in Cherryville, NC.; Equipped with commercial‑grade kitchen appliances including a grill, fryers, refrigerator, and freezer.; Turnkey restaurant setup featuring a dining area, service counter, and booth seating.
    (704) 487-7653
    We can help!
    Listing Contact
    MARVIN BIDDIX
    MARVIN BIDDIX
    Real Estate License ID: 269033
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    801 W Church Street, Cherryville, NC 28021
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!