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    Property profile & analytics
    OFF-MARKET Estimated value $825,000
    Drive through restaurants

    123 Arlington St, Salisbury, NC 28144-4614

    7,277 SF 2.14 ac lot Built 2004
    Entity Owned 1-yr Hold ~ Est. High Equity
    Property ID
    US53-1505889
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    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
    123 N Arlington INC · 1 yrs held
    123 N Arlington INC
    since 2024
    7 recorded transactions
    2024
    $1.1M
    2020
    2013
    $2.8M
    2013
    $2.8M
    2011
    $1.8M
    2011
    $1.8M
    2011
    $1.7M
    Zoning & alternative use
    B7 · Salisbury, NC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Auto repair, garage $1.1M +21.3%
    Medical building $1.0M +17.4%
    Commercial (general) $970,000 +10.9%
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