Property profile

518 Main St Lincolnton, NC 28092

OFF-MARKET
Turn key restaurants
Property ID
US53-1839987
2,245 SF 0.45 ac lot Built 1977
Entity Owned 5-yr Hold Free & Clear
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1977
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 2,245 SF
Lot 0.45 ac (19,558 SF)
Zoning code CBT
APN 549
UPID US53-1839987

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Take-out & Catering
  • Restaurant Take-out & Catering

Location

518 Main St Lincolnton, NC 28092-3410
Lincolnton metro Census 70100 CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$845k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$805k

Owner & transaction history

since 2021
Last sale
$1.1M
3 recorded transactions
2021
$1.1M
2020
$589,000
2004
$355,000

Zoning & alternative use

CBT · Lincolnton, NC
Zoning description

ct 153.109 RMF Residential Multi-Family District 153.110 R-O Residential Office District 153.111 O-I Office Institutional District 153.112 N-B Neighborhood Business District 153.113 C-B Central Business District 153.114…

General category COMMERCIAL

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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