2316 Lasalle St, Charlotte, NC 28216-4527
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.
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Tropical Goodies Restaurant
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
B-1 · Charlotte, NCCharlotte. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.