Property profile

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

OFF-MARKET
Retail properties & Spaces
4,869 SF Built 1972
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1972
Total area 4,869 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

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

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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