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Restaurant Real Est For Sale! Be A Landlord With Tenant In Place! Conover, NC 28613

  • Retail properties
  • 4,869 SF
OFF-MARKET
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Cap Rate Potential
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Current Use by Public Records

  • Retail properties

Property Details for 0 Restaurant Real Est For Sale! Be A Landlord With Tenant In Place!

Year built
1972
Property size
4,869 SF
Property type
Retail properties
Property subtype
Restaurants

Description

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.


Value Estimations

based on Realmo’s proprietary methodology
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  • CAP approach

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  • Alternative Use


Location Insight

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  • Local Demand
City
Conover
County
Catawba
State
North Carolina
Longitude
-81.2188
Latitude
35.7359
More about this property
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