Overview
Atlantic Capital Partners has been exclusively engaged to solicit offers for the sale of an infill, mixed use building in Charlotte, NC. The offering provides investors or users the opportunity to own a 5,420SF, 2nd generation restaurant building in one of Charlotte’s premier and fastest growing neighborhoods, Plaza Midwood. The property most recently operated as a restaurant, with the interior containing a kitchen, a dining room, and an outdoor seating area.
The asset is positioned about 2 miles from uptown Charlotte along Central Ave which connects bustling Uptown Charlotte with retail and residential heavy Plaza Midwood. The area has popular breweries, coffee shops, and restaurants that attract thousands of people daily. The neighborhood’s walkability encourages foot traffic, benefiting local retailers and fostering a sense of community. Additionally, its growing popularity makes it a prime location for new businesses, enhancing the overall experience.
Investment Highlights
HIGHLY WALKABLE AND AMENITIES PLAZA MIDWOOD NEIGHBORHOOD
- Plaza Midwood has a 82 walkable score with over 8.5K homes in a 1-mile radius
- Wide variety of local restaurants, bars, and shops are located in the area
- Plaza Midwood has recently become Charlotte’s first “Social District” allowing for to-go drinks in the streets
DENSE AND AFFLUENT SURROUNDING DEMOGRAPHICS
- 1-mile demographics include an AHHI of $146,239 and a population of 15,821 (1.34% annual growth rate since 2020)
- Just under 4,500 multifamily units within a one mile radius
LOCATED IN THE HEART OF CHARLOTTE, NC
- Charlotte, NC ranked #5 in 2022 of best residential markets (Rocket Mortgage)
- Charlotte forecasts a 45.2% job growth over the next 10 years (4.6% growth from 2021 to 2022)
- 5th fastest growing city from 2021 to 2022 (population change: 15,217)
DIRECTLY NEXT DOOR TO THE COMMONWEALTH DEVELOPMENT
- Spanning 12-acres, Commonwealth will deliver 100k SF of retail, 383 residences, a boutique hotel, and over 400,000 SF of Class A office space in the heart of the Plaza Midwood neighborhood.
FLEXIBLE ZONING
- The property has been rezoned to MUDD-O (Mixed Use Development District) allowing for more flexible building use than surrounding properties
2ND GENERATION RESTAURANT SPACE
- Restaurant infrastructure still in place minimizing out-of-pocket build out expenses for prospective restaurant users
Photo Gallery
Sales Team
