123 Arlington StSalisbury, NC 28144

Property Details for 123 Arlington St

Year built

2004

Lot size

2.14 AC

Property size (Sq ft)

7,277 SF

Zone code

B7

Property type

Retail properties

Property subtype

Drive through restaurants

APN

059 130

APU

59130

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $1,173,607

  6.5%

  $1,083,330

  7%

  $1,005,949

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,327,702

  Geo Method

  $3,105,364

• Alternative Use

  Use

  Valuation

  Residential

  $913,829

  Hospitality

  $837,063

  Educational

  $696,426

  Medical

  $720,378

  Retail

  $1,083,330

Location Insight

City

Salisbury

County

Rowan

State

North Carolina

Latitude

35.6604

Longitude

-80.4601

CBSA code

16740

CBSA name

CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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