Restaurant In Statesville With An Amazing Rental Rate!! Turn Ky Statesville, NC 28677
This turnkey restaurant in Statesville, NC, presents a fantastic opportunity for a new owner. Located in a bustling downtown area along the streetcar route, this 4,000 square foot space boasts amazing visibility and high foot traffic, surrounded by schools, residential areas, and other businesses. The current lease has one year remaining, expiring February 15, 2024, with a very attractive monthly rent of $3,209.16. The restaurant is fully equipped with everything needed for immediate operation, including a 16-foot hood system, walk-in cooler, ample seating for 94 patrons (including booths, tables, and chairs), a POS system, and extensive kitchen equipment (six-burner stoves, ovens, deep fryer, etc.). The business is an asset sale, not a franchise, and is priced at $60,000. The seller is motivated and is leaving due to a new career opportunity. This established restaurant, operating for five years with four employees, offers significant potential for growth and success in a supportive community. The sale includes all existing equipment and fixtures. This is a rare opportunity to acquire a thriving business in a desirable location at a competitive price.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.