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    Property profile & analytics

    518 Main St Lincolnton, NC 28092-3410

    • Turn key restaurants
    • 2,245 SF
    • 0.45 lot acres
    OFF-MARKET
    Value Estimation
    $945,000
    Last Sale
    Aug 02, 2021
    $1,050,000
    Location Intelligence
    Property ID
    US53-1839987
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Pizza Hut / Pizza Delivery / Chicken Wings Restaurant
    • Wing Street / Takeout Restaurant / European Restaurant

    Property Details for 518 Main St

    Year built
    1977
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.45 lot acres
    Property size
    2,245 SF
    Zone code
    CBT
    Property type
    Turn key restaurants
    APN
    549
    APU
    549

    Description

    This exceptional single-tenant retail or restaurant space, located at 518 E Main St in Lincolnton, NC, offers 2,245 square feet on a 0.45-acre lot. The property, built in 1977, is a Class B, single-story building with ample parking (33 spaces). The zoning is CBT, and the APN is 3633-04-1795. This presents a unique opportunity for a business seeking a prominent location in the Lincolnton submarket of Charlotte. The property is currently vacant and ready for immediate occupancy. Taxes are $2.20 per square foot. The property's strategic location offers high visibility and accessibility, making it ideal for a variety of retail or restaurant concepts. This is a sublease opportunity extending through March 31, 2035, providing a long-term commitment for the right tenant. The property's size and features make it a compelling option for businesses seeking a well-established presence in a thriving community. The property is situated within the Charlotte submarket, specifically the Lincolnton submarket cluster, and boasts a convenient location with easy access to major roadways and local amenities. The substantial parking available ensures ample space for customers and employees.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $805,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,120,000
      6.5%
      $1,100,000
      7%
      $1,040,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,205,000
      Geo Method
      $1,010,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,130,000
      Retail
      $960,000
      Mixed-Use
      $835,000
      Hospitality
      $1,050,000
      Educational
      $1,165,000
      Residential Income
      $900,000
      Energy
      $995,000
      Income-Based Land
      $1,030,000
      Food Service
      $1,025,000

    Location Insight

    • Map
    • Local Demand
    City
    Lincolnton
    County
    Lincoln
    State
    North Carolina
    Longitude
    -81.2499
    Latitude
    35.4732
    CBSA code
    16740
    CBSA name
    CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $5,032
    $200,430
    $291,233
    $491,663
    -
    $200,430
    $291,233
    $491,663

    Comparable in this City

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      $1,540,000
      10,386 SF

      357 Generals Blvd

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    • Value Estimation
      $385,000
      2,627 SF

      2519 Aspen St

      RESTAURANT • 2,627 SF
      2519 Aspen St, Lincolnton, NC 28092-8007
      View Details
    • Value Estimation
      $325,000
      768 SF

      3700 Gastonia Hwy

      RESTAURANT • 768 SF
      3700 Gastonia Hwy, Lincolnton, NC 28092-9246
      View Details
    • Value Estimation
      $385,000
      2,220 SF

      1126 Main St

      RESTAURANT • 2,220 SF
      1126 Main St, Lincolnton, NC 28092
      View Details
    • Value Estimation
      $330,000
      1,776 SF

      1411 Main St

      RESTAURANT • 1,776 SF
      1411 Main St, Lincolnton, NC 28092-3996
      View Details
    • Value Estimation by Request
      1,120 SF

      3634 Gastonia Hwy

      RESTAURANT • 1,120 SF
      3634 Gastonia Hwy, Lincolnton, NC 28092
      View Details

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    Similar Nearby for Lease

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      View Details
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    • $7 SF/Yr
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      View Details
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    518 Main St
    Lincolnton, NC 28092-3410
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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