127 Main StSalisbury, NC 28144

Property Details for 127 Main St

Year built

1906

Lot size

0.05 AC

Property size (Sq ft)

1,508 SF

Zone code

B5

Property type

Turn key restaurants

APN

105532

APU

105532

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $204,913

  6.5%

  $189,150

  7%

  $175,640

• Comparable approach

  Method

  Valuation

  Relative Method

  $199,072

  Geo Method

  $265,579

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $386,216

  Mixed-Use / Specialty

  $181,463

  Hospitality / Lodging

  $124,004

  Office

  $173,081

  Institutional / Educational

  $186,142

  Residential Income

  $217,787

  Multifamily

  $300,078

  Automotive / Energy

  $159,551

  Parking / Income-Based Land

  $61,987.40

  Restaurant / Food Service

  $79,414.20

  Healthcare / Senior Housing

  $193,279

Location Insight

City

Salisbury

County

Rowan

State

North Carolina

Latitude

35.6679

Longitude

-80.4688

CBSA code

16740

CBSA name

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

Property Tax & Assessments

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