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    OFF-MARKET
    Turn key restaurants

    127 Main St, Salisbury, NC 28144-4304

    1,508 SF 0.05 ac lot Built 1906
    Entity Owned 3-yr Hold Free & Clear
    Property ID
    US53-1484974
    Property summary
    AI-generated overview

    This thriving downtown Salisbury restaurant is for sale. Established in 2022, it boasts a 4.6 Google rating and a 98 health inspection score, earning recognition as the second-best new restaurant in Rowan County in 2023. The 1,510 square foot space features two bathrooms and is fully equipped, including all kitchen equipment and furnishings – a true turnkey operation. Currently operating four days a week for lunch and dinner, the restaurant enjoys a loyal clientele including the Salisbury Chamber of Commerce and Rotary Club. Located at 127 N Main St, Salisbury, NC 28144, this owner/user opportunity is priced at $150,000 ($99.34/sq ft) and includes two units within a single building. The property's prime location in the heart of downtown Salisbury offers unparalleled access to a vibrant community and significant growth potential. This is an exceptional chance to acquire a well-established, highly-rated restaurant with a strong reputation and loyal customer base. The sale includes all existing equipment and furnishings, allowing for an immediate and seamless transition into ownership.

    Property profile
    Verified
    Property type Turn key restaurants
    Use group RESTAURANT
    Year built 1906
    Total area 1,508 SF
    Lot 0.05 ac (2,004 SF)
    Zoning code B5
    APN 105532
    UPID US53-1484974
    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
    Current use
    Occupant on record · Public records
    • Graze Catering & Events Catering Service Take-out & Catering
    • Salisbury Family Social Restaurant
    • Mustafa's Place Salisbury Restaurant
    • Club Liqwid Nightclub Music Venue
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Oestreicher Properties LLC · 3 yrs held
    Oestreicher Properties LLC
    since 2022
    Last sale
    $245,000
    6 recorded transactions
    2022
    2022
    $410,000
    2021
    2021
    $245,000
    2011
    2011
    Zoning & alternative use
    B5 · Salisbury, NC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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