0 Restaurant Real Est For Sale! Be A Landlord With Tenant In Place!, Conover, NC 28613
This exceptional investment opportunity presents a 4,869-square-foot freestanding restaurant building in Conover, NC, situated on approximately 1.29 acres. Priced at $1,199,000, this property offers a turnkey solution for passive income generation. Built in 1972, the restaurant boasts a fully equipped kitchen featuring high-quality appliances including a 19-foot hood system, walk-in cooler and freezer, ovens, a flat-top grill, and ample prep tables. The spacious dining area comfortably accommodates numerous guests with contemporary furnishings. The property benefits from excellent visibility due to its location off a busy road and includes ample parking, potentially accommodating a convenient pick-up window. The restaurant's existing tenant provides immediate rental income, minimizing operational involvement for the new owner. Conover's proximity to Hickory (population approximately 43,000) and its position within the Hickory metropolitan area ensures a robust customer base drawn from neighboring communities. The property includes seating for approximately 132 patrons (11 single booths, 11 double booths, 40 tables, and 110 chairs). This is a rare opportunity to acquire a well-equipped, established restaurant property with significant income potential and long-term growth prospects. The property is currently leased, and the real estate is included in the asking price. Inventory is not included. Seller financing is not available.
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.