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    OFF-MARKET
    Retail properties & Spaces

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

    4,869 SF Built 1972
    Property ID
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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