1431 Elizabeth AveCharlotte, NC 28204

Property Details for 1431 Elizabeth Ave

Year built

1955

Lot size

0.21 AC

Property size (Sq ft)

8,086 SF

Zone code

B-2

Property type

Office buildings

APN

8019409

APU

8019409

Description

This exceptional Charlotte office building, located at 1431 Elizabeth Ave, offers a unique opportunity for businesses seeking flexible workspace solutions. The property, a single 8,245 square foot building constructed in 1955, is classified as Class B and sits on a 0.21-acre lot in Mecklenburg County (APN: 080-194-09). Zoned B-2, it provides multiple tenancy options with a minimum divisible space of 100 square feet and a maximum contiguous space of 1,200 square feet. Its convenient location less than a mile from Uptown Charlotte, coupled with its proximity to the Lynx Gold Line, ensures excellent accessibility and visibility. The building features three separate entrances, offering tenants enhanced privacy and convenience while fostering a collaborative work environment. This is an ideal space for businesses seeking a blend of flexibility, accessibility, and a prime location in a thriving urban area. The property is perfect for coworking spaces or smaller businesses needing adaptable office solutions. This is a rare opportunity to secure office space in a well-located, established building with a strong history.

• CAP approach

  CAP return

  Valuation

  6%

  $2,669,829

  6.5%

  $2,464,458

  7%

  $2,288,425

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,369,283

  Geo Method

  $1,369,283

• Alternative Use

  Use

  Valuation

  Residential

  $3,055,928

  Hospitality

  $2,799,213

  Educational

  $2,328,912

  Medical

  $2,409,007

  Retail

  $3,622,753

Location Insight

City

Charlotte

County

Mecklenburg

State

North Carolina

Latitude

35.2151

Longitude

-80.8277

CBSA code

16740

CBSA name

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

Property Tax & Assessments

FAQs

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