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    500 Summit Ave Charlotte, NC 28203

    Sponsored
    For Lease
    $183 SF/Yr ($3,050 /Mo)

    200 SF Retail Kitchen, South End Location

    Lot size:
    200 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This 200-square-foot Class B commercial kitchen space is located in Charlotte, NC's South End, at 500 W Summit Ave, zip code 28203. The single-tenant property offers a turnkey solution for restaurant owners seeking to expand their business quickly and affordably. Ideal for various concepts, including startups, personal chefs, caterers, food trucks, and established chains, this ghost kitchen boasts a walk-in cooler and large hood. Its prime location benefits from high delivery demand from nearby downtown and residential neighborhoods. A sizable outdoor dining area provides a convenient pickup spot for customers. The space is currently vacant and ready for immediate occupancy. Charlotte's strong business and residential presence make it a top food delivery market nationally, presenting a significant opportunity for growth and profitability. This property offers lower risk and higher return potential for food-based businesses. The kitchen is perfect for operators seeking to minimize staffing needs and maximize efficiency.

    Property Features for 500 Summit Ave

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    200 SF
    Class
    B
    Total Rate
    3050

    Unit(s) available at that property

    Space
    Available Space
    Size
    208 SF
    Rate per SF
    $183
    Property Profile Location Intelligence

    Current Use by Public Records

    Wrigleys Italian beef Catering Food And Drink Supplier Queen City Chicken Restaurant Amuse Bouche Restaurants Restaurant The Panini Grill Restaurant Queen City Roti ... Caribbean Restaurant

    Suggested Use

    Restaurant Realty agency Building Supply Dental Office Spa & Massage Wholesale Shop Law Firm Auto Repair Shop Hair Salon Auto Parts Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Charlotte
    County
    Mecklenburg
    State
    North Carolina
    Longitude
    -80.8606975
    Latitude
    35.2200813

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    FAQs

    What type of property is this?
    Restaurant - 200 SF Retail Kitchen, South End Location
    Where is this restaurant located?
    The property is located at 500 Summit Ave Charlotte, NC.
    What is the lease rate?
    The lease rate is $183 SF/Yr.
    Request Owner's contact information
    500 Summit Ave Charlotte, NC 28203
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    Charlotte, NC 28203
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

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    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    500 Summit Ave Charlotte, NC 28203
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