1500-1502 Central Ave Charlotte, NC 28205

Property Details for 1500-1502 Central Ave

Year built

1932

Lot size

0.08 lot acres

Property size

5,420 SF

Property type

Retail properties

Property subtype

Restaurants

Description

This exceptional 5,420-square-foot restaurant building is located in Charlotte, North Carolina's vibrant Plaza Midwood neighborhood. Built in 1932 and completely renovated in 2024, this Class A property offers a unique opportunity for investors or restaurant operators. Currently vacant, the space boasts a fully equipped kitchen, a spacious dining area, and an outdoor seating area, minimizing upfront build-out costs for prospective users. The property sits on a 0.083-acre lot and is a two-story building. Its MUDD-O zoning allows for flexible use, maximizing its potential. The building's prime location along Central Avenue, approximately two miles from uptown Charlotte, places it within a thriving area known for its walkability, high concentration of restaurants, breweries, and coffee shops, and strong foot traffic. The surrounding area features a high concentration of affluent residents, with a population of 15,821 within a one-mile radius and an average household income of $146,239. The area's growth is projected to continue, with Charlotte forecasting a 45.2% job growth over the next 10 years. The property's adjacency to the Commonwealth development, a large mixed-use project, further enhances its value and potential for future growth. This is a rare opportunity to acquire a fully renovated, infill restaurant space in one of Charlotte's most desirable and rapidly developing neighborhoods. The fee-simple ownership provides complete control and long-term investment potential.

Location Insight

City

Charlotte

County

Mecklenburg

State

North Carolina

Longitude

-80.8134

Latitude

35.2202