1159 Commercial AveCharlotte, NC 28205

Property Details for 1159 Commercial Ave

Year built

1962

Lot size

0.75 AC

Property size (Sq ft)

11,134 SF

Zone code

I-1

Property type

Office buildings

APN

9301306

APU

9301306

Description

This 13,829 square foot Class B commercial building, located at 1159 Commercial Ave, Charlotte, NC 28205, offers flexible office and retail space in the desirable Plaza submarket of Mecklenburg County. The property features a multi-tenant configuration with a minimum divisible space of 759 square feet and a maximum contiguous space of 1,180 square feet. Currently, 2,939 square feet of space is vacant and available for immediate occupancy. Select units have undergone recent renovations, presenting a move-in ready opportunity for businesses seeking a prime location. The building's address is conveniently situated near The Plaza cross street, providing excellent visibility and accessibility. This versatile space is ideal for traditional office users, creative office tenants, or retail businesses seeking a vibrant and well-connected location in Charlotte. The property's location within the Plaza submarket offers a strategic advantage for businesses seeking a thriving commercial environment. Inquire today to learn more about leasing options and to schedule a viewing.

• CAP approach

  CAP return

  Valuation

  6%

  $3,000,141

  6.5%

  $2,769,361

  7%

  $2,571,549

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,885,432

  Geo Method

  $1,885,432

• Alternative Use

  Use

  Valuation

  Residential

  $3,434,008

  Hospitality

  $3,145,532

  Educational

  $2,617,046

  Medical

  $2,707,050

  Retail

  $4,070,960

Location Insight

City

Charlotte

County

Mecklenburg

State

North Carolina

Latitude

35.2469

Longitude

-80.7841

CBSA code

16740

CBSA name

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

Property Tax & Assessments

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