11324 Community House RdCharlotte, NC 28277

Property Details for 11324 Community House Rd

Year built

2010

Lot size

5.75 AC

Property size (Sq ft)

40,976 SF

Zone code

NS

Property type

Retail properties

Property subtype

Strip malls

APN

22346287

APU

22346287

Description

This exceptional Class A commercial property, Ballantyne Corners, offers 38,071 square feet of versatile space in a prime Charlotte, NC location. Situated at 11324 N Community House Rd, this two-story building boasts multiple tenancy options, with spaces ranging from a minimum of 1,610 square feet to a maximum contiguous space of 1,884 square feet. Currently, 3,494 square feet are vacant and ready for immediate occupancy. The property's diverse subtype allows for various uses, including medical office, traditional office, and retail spaces. Its strategic location at the intersection of N Community House Rd and Ballantyne Corner Pkwy provides excellent visibility and accessibility. The building is conveniently located near a significant concentration of office space, the second largest in Charlotte, totaling approximately 7 million square feet. Furthermore, its proximity to established businesses like Earth Fare and Torringdon Market enhances its appeal and provides ample amenities for tenants and their clients. While the building does not feature elevators, the two-story design ensures easy accessibility to all units. This property presents a unique opportunity for businesses seeking high-quality space in a thriving Charlotte neighborhood within Mecklenburg County, zip code 28277.

• CAP approach

  CAP return

  Valuation

  6%

  $16,276,915

  6.5%

  $15,024,844

  7%

  $13,951,641

• Comparable approach

  Method

  Valuation

  Relative Method

  $17,485,968

  Geo Method

  $17,485,968

• Alternative Use

  Use

  Valuation

  Residential

  $12,674,018

  Hospitality

  $11,609,333

  Educational

  $9,658,828

  Medical

  $9,991,010

  Retail

  $15,024,844

Location Insight

City

Charlotte

County

Mecklenburg

State

North Carolina

Latitude

35.0563

Longitude

-80.8349

CBSA code

16740

CBSA name

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

Property Tax & Assessments

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