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.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$988,827
6.5%
$912,764
7%
$847,566
Comparable approach
Method
Valuation
Relative Method
$960,639
Geo Method
$1,281,580
Alternative Use
Use
Valuation
Industrial / Distribution
$1,863,720
Mixed-Use / Specialty
$875,669
Hospitality / Lodging
$598,392
Office
$835,220
Institutional / Educational
$898,249
Residential Income
$1,050,950
Multifamily
$1,448,060
Automotive / Energy
$769,927
Parking / Income-Based Land
$299,126
Restaurant / Food Service
$383,221
Healthcare / Senior Housing
$932,685
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
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Arlington St Salisbury, NC 28144
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Arlington St Salisbury, NC 28144
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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