4800 Monroe Rd Charlotte, NC 28205-7804
- Bars
- 4,144 SF
- 0.20 lot acres
Current Use by Public Records
- Forty 8 Hundred Caribbean Restaurant & Lounge / Restaurant
- Mac Bonies / Restaurant
- ZillionHeirs / Restaurant
Property Details for 4800 Monroe Rd
- Year built
- 1933
- Lot size
- 0.20 lot acres
- Property size
- 4,144 SF
- Zone code
- R-4
- Property type
- Bars
- APN
- 16108217
- APU
- 16108217
Description
This exceptional 3,972-square-foot restaurant space is available for lease in Charlotte, North Carolina's desirable Oakhurst neighborhood. The property is a single-tenant building, offering a turnkey opportunity for a new restaurant concept. The building boasts a substantial existing kitchen, complete with a walk-in cooler and a ventilation hood, significantly reducing initial build-out costs. An expansive patio provides ample outdoor seating, perfect for enjoying the vibrant Oakhurst atmosphere. Convenient on-site surface parking is available for patrons and staff. The location benefits from high visibility and proximity to a thriving retail environment. Nearby establishments include Common Market, Teal Turnip, Night Swim Coffee, Anytime Fitness, and Lemonade Fit, ensuring high foot traffic and a strong customer base. This second-generation restaurant building presents a rare opportunity to establish a successful business in a sought-after area of Charlotte. The address is 4800 Monroe Road, Charlotte, NC 28205. The entire 3,972 square feet is currently vacant and ready for immediate occupancy.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,610,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,400,000
- 6.5%
- $1,530,000
- 7%
- $1,400,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,295,000
- Geo Method
- $1,645,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,595,000
- Retail
- $1,350,000
- Mixed-Use
- $1,310,000
- Hospitality
- $1,615,000
- Educational
- $1,300,000
- Residential Income
- $1,360,000
- Energy
- $1,435,000
- Income-Based Land
- $1,455,000
- Food Service
- $1,260,000
Location Insight
- Map
- Local Demand
- City
- Charlotte
- County
- Mecklenburg
- State
- North Carolina
- Longitude
- -80.781
- Latitude
- 35.1928
- CBSA code
- 16740
- CBSA name
- CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA
