1127 Commercial AveCharlotte, NC 28205

Property Details for 1127 Commercial Ave

Year built

1962

Lot size

0.30 AC

Property size (Sq ft)

2,550 SF

Zone code

I-1

Property type

Office buildings

APN

9301304

APU

9301304

Description

This well-maintained 2,550 square foot warehouse, located at 1127 Commercial Ave in Charlotte, North Carolina, presents a fantastic opportunity for a variety of businesses. Situated on a 0.295-acre lot (APN: 09301304), this industrial property boasts a convenient location between the Plaza and Eastway Drive, making it ideal for efficient distribution, manufacturing, or flexible workspace. The property is zoned ML-1 | UDO Zoning (previously I-1), offering versatility for various commercial uses. Recent upgrades include a new roof and HVAC system, ensuring low maintenance costs and optimal operational efficiency. The asking price is $799,000, translating to $313.33 per square foot. This turnkey property offers immediate occupancy and is ready for its next chapter. The address is 1127 Commercial Ave, Charlotte, NC 28205. This is a rare opportunity to acquire a well-located, updated industrial space in a thriving area of Charlotte. Don't miss out on this exceptional investment.

• CAP approach

  CAP return

  Valuation

  6%

  $687,117

  6.5%

  $634,262

  7%

  $588,957

• Comparable approach

  Method

  Valuation

  Relative Method

  $431,817

  Geo Method

  $431,817

• Alternative Use

  Use

  Valuation

  Residential

  $786,485

  Hospitality

  $720,416

  Educational

  $599,377

  Medical

  $619,991

  Retail

  $932,365

Location Insight

City

Charlotte

County

Mecklenburg

State

North Carolina

Latitude

35.2471

Longitude

-80.7847

CBSA code

16740

CBSA name

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

Property Tax & Assessments

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