Individually Owned Property summary
This exceptional turnkey restaurant opportunity is situated in the heart of vibrant downtown Shelby, North Carolina. The property boasts a 0.2-acre lot at 507 S Lafayette Street and is ideally positioned for high visibility and foot traffic, benefiting from its proximity to shops, entertainment, and local attractions. The interior offers a fully equipped commercial kitchen ready for immediate operation, eliminating the need for extensive upfront investment. A well-appointed bar area… complements the spacious dining room, currently configured to comfortably seat up to 50 patrons. The establishment maintains an impressive 97.5 sanitation score, demonstrating a commitment to hygiene and operational excellence. The open floor plan provides flexibility for diverse business concepts, from upscale dining to casual eateries or even a unique retail venture. Handicap accessibility is a key feature, ensuring inclusivity for all patrons. The potential for outdoor seating further enhances the property's appeal. This is a rare chance to acquire a thriving business location with minimal setup time, allowing immediate focus on operations and growth. The asking price is $695,000.
Ownership intelligence
Resolved identity, portfolio, hold profile and investor signals. Included in the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2024
Value estimate
· Sep 2026Realmo valuation models over county records.
Recently sold
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recorded sales · 11 properties nearbyComparable nearby
Similar in This City for Sale
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- GBA
- 3,306 SF
- Lot area
- 0.17 ac
- Year built
- 1968
- Stories
- 1
- APN
- 72353
- Zoning
- GB
- Assessed value · 2023
- $135,323
- Annual tax · 2024
- $1,631
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Registration is required before the official district profile is shown.
Official district profile
The GB business district is established as a district in which to accommodate a wide range of retail business, professional and personal services office and limited wholesale and warehousing uses, areas zoned as GB are g…
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
- Owner Contacts
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- Local Zoning Insight
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- Local Zoning Insight
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- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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