Property profile

111 Eastway Dr Charlotte, NC 28213

OFF-MARKET
Turn key restaurants
Property ID
US53-0457337
5,374 SF 0.61 ac lot Built 1979
Entity Owned 17-yr Hold Free & Clear
Saved · see the list in your Dashboard

Property summary

AI-generated overview

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

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1979
Total area 5,374 SF
Lot 0.61 ac (26,555 SF)
Zoning code TOD-TR
APN 9711123
UPID US53-0457337

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Car Wash
  • Bar & Pub

Location

111 Eastway Dr Charlotte, NC 28213-7101
Charlotte metro Census 5306 CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$290k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$290k

Owner & transaction history

since 2009
2 recorded transactions
2009
$210,000
1994
$130,000

Zoning & alternative use

TOD-TR · Charlotte, NC
Zoning description

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…

General category RESIDENTIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 111 Eastway Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message