1500 Central AveCharlotte, NC 28205

Property Details for 1500 Central Ave

Year built

1932

Lot size

0.08 AC

Property size (Sq ft)

4,376 SF

Zone code

B-2

Property type

Retail properties

Property subtype

Retail space

APN

8117651

APU

8117651

Description

This exceptional retail opportunity encompasses two adjacent spaces totaling 5,420 square feet, located at 1500 & 1502 Central Avenue in the vibrant city of Charlotte, North Carolina. The property is situated in Mecklenburg County, zip code 28205, and offers a highly visible street-level presence ideal for a variety of retail businesses. The building is a two-story structure, with both spaces currently vacant and immediately available for lease. Each space offers a flexible layout, with a minimum divisible space of 2,693 square feet and a maximum contiguous space of 2,727 square feet. This presents a unique opportunity for either a single tenant seeking a larger space or two separate businesses looking for complementary locations. The property's prominent location within Charlotte provides excellent access to a dense population base and high foot traffic, ensuring maximum exposure for your business. This is a rare chance to secure a prime retail location in a thriving urban area. The property is classified as Commercial Street Retail and is ready for immediate occupancy. Contact us today to learn more about this exciting opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $1,733,345

  6.5%

  $1,600,011

  7%

  $1,485,724

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,867,400

  Geo Method

  $1,867,400

• Alternative Use

  Use

  Valuation

  Residential

  $1,349,669

  Hospitality

  $1,236,290

  Educational

  $1,028,578

  Medical

  $1,063,953

  Retail

  $1,600,011

Location Insight

City

Charlotte

County

Mecklenburg

State

North Carolina

Latitude

35.2202

Longitude

-80.8133

CBSA code

16740

CBSA name

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

Property Tax & Assessments

FAQs

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