4800 Monroe RdCharlotte, NC 28205

Property Details for 4800 Monroe Rd

Year built

1933

Lot size

0.20 AC

Property size (Sq ft)

4,144 SF

Zone code

R-4

Property type

Retail properties

Property subtype

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.

• CAP approach

  CAP return

  Valuation

  6%

  $1,641,450

  6.5%

  $1,515,184

  7%

  $1,406,957

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,768,397

  Geo Method

  $1,768,397

• Alternative Use

  Use

  Valuation

  Residential

  $1,278,114

  Hospitality

  $1,170,746

  Educational

  $974,047

  Medical

  $1,007,546

  Retail

  $1,515,184

Location Insight

City

Charlotte

County

Mecklenburg

State

North Carolina

Latitude

35.1928

Longitude

-80.781

CBSA code

16740

CBSA name

CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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