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    OFF-MARKET
    Retail properties & Spaces

    0 Own This Popular Conover Restaurant For Sale!, Conover, NC 28613

    6,000 SF Built 2000
    Property ID
    Property summary
    AI-generated overview

    This thriving Conover, NC restaurant presents a unique opportunity for a restaurateur seeking an established business with immediate revenue potential. Built in 2000, this 6,000 square foot turnkey operation boasts a loyal customer base and prime location in Catawba County (zip code 28613). The asking price is $230,000. The current lease, expiring May 31, 2026, has approximately two years remaining and costs $3,900 per month. The restaurant is fully equipped with extensive commercial kitchen equipment, including two walk-in refrigerators and freezers, multiple ovens, grills, fryers, a hood system, ample refrigeration, and extensive prep areas. The dining area comfortably seats 191 patrons, with additional seating at the bar. The current owner is retiring, providing a seamless transition for a new owner. The restaurant's equipment includes two cash registers, three stainless steel tables (2ft, 4ft, and 6ft), a 24ft custom bar, ice machines, a camera system, and much more. The business currently employs 20 people. Conover's location along the I-40 corridor offers excellent accessibility and contributes to a growing local economy, creating a strong customer base and potential for catering and third-party delivery services. This is an exceptional opportunity to acquire a well-established restaurant in a vibrant and growing market.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Year built 2000
    Total area 6,000 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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