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    Property profile & analytics
    OFF-MARKET Estimated value $690,000
    Turn key restaurants

    2316 Lasalle St, Charlotte, NC 28216-4527

    1,024 SF 0.32 ac lot Built 1972
    Individually Owned 1-yr Hold ~ Est. High Equity
    Property ID
    US53-1624077
    Property summary
    AI-generated overview

    This 1,014 square foot, single-story retail building located at 2316 Lasalle St, Charlotte, NC 28216, presents a compelling value-add investment opportunity. Situated on a 0.31-acre lot with ample paved parking, the property boasts prime road frontage on Lasalle Street, benefiting from high traffic counts of 16,000-19,000 vehicles daily at the intersection with Beatties Ford Road. Previously operating as a long-standing family-owned restaurant, the property is zoned CG and offers redevelopment potential for QSR, restaurant, or storefront uses. The property's location within a thriving corridor of University Park redevelopment, near a recently renovated McDonald's, TD Bank, and other established retailers, ensures strong visibility and accessibility. Potential buyers should conduct their own due diligence to verify the possibility of tax incentives through the Charlotte Historic Landmark Commission. The building is classified as Class C and features a single tenancy with a NNN lease type. The asking price is $850,000. This property is an excellent opportunity for owner-users or investors seeking a redevelopment project in a high-growth area of Charlotte.

    Property profile
    Verified
    Property type Turn key restaurants
    Use group RESTAURANT
    Year built 1972
    Total area 1,024 SF
    Lot 0.32 ac (13,743 SF)
    Zoning code B-1
    APN 6917120
    UPID US53-1624077
    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
    • Tropical Goodies Restaurant
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $700k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $690k
    Owner & transaction history
    Carolina Therapeutic Services First · 1 yrs held
    Carolina Therapeutic Services First
    since 2025
    Last sale
    $700,000
    2 recorded transactions
    2025
    $700,000
    1993
    $120,000
    Zoning & alternative use
    B-1 · Charlotte, NC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Commercial (general) $705,000 +8.1%
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