Property summary
This exceptional restaurant property, located at 111 Eastway Drive in Charlotte, North Carolina, presents a unique investment opportunity. The single-tenant building boasts a substantial 5,337 square feet of space, ideally suited for a variety of culinary concepts. Situated on a generous 5.9-acre lot, the property offers ample room for expansion, outdoor seating, or additional development. The property's zoning, TOD-TR (Transit Oriented District—Transit Transition), signifies its strategic location within a vibrant and growing community, benefiting from excellent accessibility and high foot traffic potential. The address is 111 Eastway Dr, Charlotte, NC 28213, in Mecklenburg County. This prime location offers significant advantages for a restaurant business seeking visibility and convenient access for customers. The existing building provides a solid foundation for immediate operation or potential renovation to suit a specific vision. The expansive land area provides flexibility for future growth and development, making this a truly versatile and attractive investment prospect. The property's size and zoning make it suitable for a variety of uses within the restaurant and retail sectors. This is a rare opportunity to acquire a well-positioned restaurant property in a thriving Charlotte neighborhood.
Property profile
VerifiedCap rate & NOI
Current use
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Car Wash
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Bar & Pub
Location
Value estimations
Owner & transaction history
Zoning & alternative use
The Transit Transition Zoning District is appropriate for parcels near moderate-intensity rapid transit stations and streetcar stops to transition from higher intensity Transit Oriented Development Zoning Districts to ad…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
TOD-TR · Charlotte, NCThe Transit Transition Zoning District is appropriate for parcels near moderate-intensity rapid transit stations and streetcar stops to transition from higher intensity Transit Oriented Development Zoning Districts to ad…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
The Transit Transition Zoning District is appropriate for parcels near moderate-intensity rapid transit stations and streetcar stops to transition from higher intensity Transit Oriented Development Zoning Districts to ad…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for TOD-TR in Charlotte, NC.
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