2221 Central AveCharlotte, NC 28205
- Retail properties
- 3,452 SF
Property Details for 2221 Central Ave
- Year built
- 1942
- Lot size
- 0.34 AC
- Property size (Sq ft)
- 3,452 SF
- Zone code
- NS
- Property type
- Retail properties
- Property subtype
- Turn key restaurants
- APN
- 9507104
- APU
- 9507104
Description
This exceptional 1.1-acre property at 2221 Central Avenue, located in the highly desirable Plaza Midwood submarket of Mecklenburg County, presents a unique investment opportunity. The site features a 1,800 square foot building, currently vacant, situated on a single tenancy lot. The property's NS zoning allows for a diverse range of development options, including neighborhood-oriented retail, service businesses, and high-density residential uses, making it ideal for multi-family, retail, or mixed-use projects. Its strategic location offers excellent visibility and accessibility, situated directly across from Veteran's Memorial Park and in close proximity to major transportation arteries such as I-277, I-77, and Highway 74. Plaza Midwood itself is a thriving community known for its historic charm, vibrant atmosphere, and a mix of trendy shops, acclaimed restaurants, and diverse entertainment venues. This area's consistent growth and increasing property values make this a compelling investment prospect for those seeking to capitalize on the neighborhood's popularity and future potential. Contact for pricing and further details.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $1,367,346
- 6.5%
- $1,262,166
- 7%
- $1,172,011
-
Comparable approach
- Method
- Valuation
- Relative Method
- $1,473,095
- Geo Method
- $1,473,095
-
Alternative Use
- Use
- Valuation
- Residential
- $1,064,684
- Hospitality
- $975,245
- Educational
- $811,392
- Medical
- $839,297
- Retail
- $1,262,166
Location Insight
- City
- Charlotte
- County
- Mecklenburg
- State
- North Carolina
- Latitude
- 35.2198
- Longitude
- -80.8031
- CBSA code
- 16740
- CBSA name
- CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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