8850 Statesville Blvd - Restaurant FOR SALE


Cleveland, NC 27013
$1,200,000 USD
704-636-2021
8850 Statesville Blvd, Cleveland, NC for Sale
$1,200,000 USD
Restaurant - FOR SALE
1/30
null | 6.7% Cap Rate

NEW


8850 Statesville Blvd
Cleveland, NC 27013


HIGHLIGHTS

  • Over 12,000 cars/day cited by listing; strong “drive-by” traffic.
  • Major four-lane / multi-lane arterial (US 70) with signalised intersection and pylon signage potential.
  • existing restaurant buildout reduces initial build cost; can transition to other uses (retail, quick-service, convenience, multi-tenant).

OVERVIEW

Please, do not approach the restaurant directly. Rare turnkey restaurant opportunity in a high-visibility retail corridor along Statesville Boulevard. This well-appointed facility is fully equipped for full-service dining and is positioned to capitalize on strong local traffic, regional draw, and limited nearby competition. The business is offered in conjunction with the property and includes all FF&E, fixtures, and improvements. Layout: Spacious dining room, bar / lounge area, commercial kitchen, storage rooms, office, restrooms, and loading/service access Condition: Immaculate, well maintained — recent upgrades to HVAC, roof, flooring, plumbing, and kitchen systems Parking & Access: Ample on-site parking, convenient ingress/egress from Statesville Boulevard, high visibility to passing traffic Location Highlights Located on Statesville Boulevard (US-70 corridor), a major arterial route with strong vehicular flow Rare multi-parcel offering with three contiguous tracts, including two rear parcels, allowing for future site expansion or auxiliary business use Surrounded by retail, service, residential, and commercial nodes — adding synergies for food & beverage operations Easy driving distance from Cleveland, Mooresville, and surrounding northern Iredell / southern Rowan County markets Zoned for restaurant / hospitality use, with potential for expansion (e.g. patio, take-out, catering) Turnkey operation ready for immediate occupancy Existing goodwill and customer base (if business is being sold together) Modern, efficient kitchen systems and layout designed for high throughput Multiple revenue stream potential (dine-in, take-out, catering, events) Long-term stability in a market with limited supply of similarly zoned, upgraded restaurant assets

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$231 USD /SF

CAP RATE

6.7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Statesville Restaurant

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1960

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.67 AC

LAND SF

159,865 SF

ZONING

CB1

APN/PARCEL ID

270-A076

ASK ABOUT THIS PROPERTY

Brian VanegasWallace RealtyMore Info
704-636-2021

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Brian VanegasWallace RealtyMore Info
704-636-2021

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.