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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

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

3,068 SF Built 1971
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail properties & Spaces
Year built 1971
Total area 3,068 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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