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OFF-MARKET
Retail properties & Spaces

Restaurant In Statesville With An Amazing Rental Rate!! Turn Ky Statesville, NC 28677

4,000 SF
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail properties & Spaces
Total area 4,000 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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