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    OFF-MARKET
    Turn key restaurants

    111 Eastway Dr, Charlotte, NC 28213-7101

    5,374 SF 0.61 ac lot Built 1979
    Entity Owned 17-yr Hold Free & Clear
    Property ID
    US53-0457337
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Mustshine mobile Detailing Car Wash
    • La Zima Bar Bar & Pub
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Jamestown Bob LLC · 17 yrs held
    Jamestown Bob LLC
    since 2009
    2 recorded transactions
    2009
    $210,000
    1994
    $130,000
    Zoning & alternative use
    TOD-TR · Charlotte, NC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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