For Sale
Call for price

1500-1502 Central AveCharlotte, NC 28205

Prime location, 5,420 sq ft, renovated restaurant

Overview

Added:
Dec 11, 2024
Days on market:
118
This exceptional 5,420-square-foot restaurant building is located in Charlotte, North Carolina's vibrant Plaza Midwood neighborhood. Built in 1932 and completely renovated in 2024, this Class A property offers a unique opportunity for investors or restaurant operators. Currently vacant, the space boasts a fully equipped kitchen, a spacious dining area, and an outdoor seating area, minimizing upfront build-out costs for prospective users. The property sits on a 0.083-acre lot and is a two-story building. Its MUDD-O zoning allows for flexible use, maximizing its potential. The building's prime location along Central Avenue, approximately two miles from uptown Charlotte, places it within a thriving area known for its walkability, high concentration of restaurants, breweries, and coffee shops, and strong foot traffic. The surrounding area features a high concentration of affluent residents, with a population of 15,821 within a one-mile radius and an average household income of $146,239. The area's growth is projected to continue, with Charlotte forecasting a 45.2% job growth over the next 10 years. The property's adjacency to the Commonwealth development, a large mixed-use project, further enhances its value and potential for future growth. This is a rare opportunity to acquire a fully renovated, infill restaurant space in one of Charlotte's most desirable and rapidly developing neighborhoods. The fee-simple ownership provides complete control and long-term investment potential.

Highlights

  • Highly walkable Plaza Midwood location (Walk Score 82), surrounded by 8,500+ homes and numerous restaurants, bars, and shops; recently designated Charlotte's first Social District.
  • Dense, affluent demographics within one mile: $146,239 average household income, 15,821 population (1.34% annual growth since 2020), and nearly 4,500 multifamily units.
  • Prime Charlotte, NC location: Top-ranked residential market with strong projected job growth (45.2% over 10 years).
  • Adjacent to the 12-acre Commonwealth development, including retail, residential, hotel, and Class A office space.
  • MUDD-O zoning allows for flexible building use.
  • Existing restaurant infrastructure minimizes build-out costs for restaurant tenants.

Property Details for 1500-1502 Central Ave

Property type
Retail properties, Restaurants
Square Feet
5,420 SF
Class
A
Year Built/Renovated
1932/2024
Buildings
1
Stories
2
Lot Size (sq. ft)
3,615 SF

Location Insight

City
Charlotte
County
Mecklenburg
State
North Carolina
Latitude
35.2202136
Longitude
-80.8133676
1500-1502 Central Ave, Charlotte, North Carolina

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
1500-1502 Central Ave
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message