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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

Restaurant for Sale With A Lot Of Opportunities !! Turn Ky Statesville, NC 28625

1,400 SF Built 2021
Property ID
Property summary
AI-generated overview

This turnkey restaurant in Statesville, NC, presents a unique opportunity for aspiring restaurateurs. Priced at $89,000, this 1,400 square foot establishment is ready for immediate operation. Built in 2021, the restaurant boasts a prime location with excellent visibility from a busy road, ensuring high foot traffic and customer exposure. The current lease has a remaining term of three years, with an option for a five-year extension, at a monthly rent of $1820. The sale includes a comprehensive inventory of equipment, including two conveyor pizza ovens, a walk-in cooler, ample stainless steel prep tables, shelving, a three-compartment sink, and POS systems. The interior features seating for four, two menu TVs, and a waiting area. The restaurant is not a franchise and employs three staff members. The seller is not offering financing. Statesville offers a strong community and local support, contributing to a positive business environment. The area's high quality of life, with good schools and recreational opportunities, attracts families and contributes to economic vitality. This is an exceptional opportunity to acquire a fully operational restaurant in a thriving community, eliminating the lengthy setup time and costs associated with starting from scratch. The address is confidential, but a 3D walkthrough is available.

Property profile
Verified
Property type Retail properties & Spaces
Year built 2021
Total area 1,400 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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