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    Norman Area!! Restaurant With Real Est For Sale In Popular Lk Charlotte, NC 28202
    Property profile & analytics

    Norman Area!! Restaurant With Real Est For Sale In Popular Lk, Charlotte, NC 28202

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    • Retail properties & Spaces
    • 3,068 SF
    Off-Market

    Value Estimations
    Cap Rate Potential
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    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for Norman Area!! Restaurant With Real Est For Sale In Popular Lk

    Year built
    1971
    Property type
    Retail properties & Spaces
    Property subtype
    Restaurants

    Description

    This thriving restaurant, located in the desirable Lake Norman area of Charlotte, NC (zip code 28202), presents a unique opportunity to acquire a turnkey business with significant earning potential. Priced at $3,574,000, this well-established restaurant boasts over a decade of success, generating gross revenue exceeding $867,000 and owner/operator earnings surpassing $219,000. The sale includes the real estate, a 3,068 square foot building constructed in 1971, eliminating the need for a separate lease. The property is ready for immediate operation under new ownership. The restaurant's prime location benefits from the area's booming population growth and economic development, attracting a steady stream of customers. The fully equipped kitchen features two walk-in coolers, one walk-in freezer, flat tops, coolers, freezers, ample storage, deep fryers, ovens, a stovetop, and more. The dining area comfortably accommodates numerous patrons with tables, booths, and chairs. This is an exceptional opportunity for experienced restaurateurs or those seeking to enter the industry with a proven, profitable business. The seller is retiring, creating this rare chance to own a successful restaurant with its accompanying real estate. The business employs 15 people. Financing options may be available.


    Value Estimations

    based on Realmo’s proprietary methodology
    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use


    Location Insight

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    • Local Demand
    City
    Charlotte
    County
    Mecklenburg
    State
    North Carolina
    Longitude
    -80.8461
    Latitude
    35.2327
    More about this property
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