Property profile

123 Arlington St Salisbury, NC 28144

OFF-MARKET
Drive through restaurants
Property ID
US53-1505889
7,277 SF 2.14 ac lot Built 2004
Entity Owned 1-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional turn-key restaurant space, totaling 7,466 square feet, presents a unique opportunity for immediate occupancy in a prime Salisbury, North Carolina location. Situated at 123 N Arlington St, zip code 28144, this single-tenant property boasts a highly desirable location within a thriving retail corridor. The building is conveniently located near major traffic arteries, including I-85 exit 76, ensuring high visibility and accessibility for potential customers. The property benefits from ample parking, with 110 spaces available for patrons and staff. Previously occupied by a well-established restaurant, the space is fully equipped and ready for immediate operation, eliminating the need for extensive renovations or build-out. Its proximity to popular national chains like Chick-Fil-A and Outback Steakhouse further enhances its appeal and potential for success. This is an ideal opportunity for an experienced restaurateur seeking a move-in ready establishment in a high-traffic area of Salisbury. The property is classified as Retail and Restaurant, offering a versatile space adaptable to various culinary concepts. This turn-key solution minimizes upfront investment and allows for a rapid launch of operations. Don't miss this chance to establish your business in a vibrant and successful retail environment.

Property profile

Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 2004
Total area 7,277 SF
Lot 2.14 ac (93,218 SF)
Zoning code B7
APN 059 130
UPID US53-1505889

Cap rate & NOI

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

Location

123 Arlington St Salisbury, NC 28144-4614
Salisbury metro Census 50201 CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$917k
Blend (final) Blend
$825k

Owner & transaction history

since 2024
7 recorded transactions
2024
$1.1M
2020
Price N/A
2013
$2.8M
2013
$2.8M
2011
$1.8M
2011
$1.8M
2011
$1.7M

Zoning & alternative use

B7 · Salisbury, NC
Top alternative use upside
Auto repair, garage $1.1M +21.3%
Medical building $1.0M +17.4%
Commercial (general) $970,000 +10.9%

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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