821 Louise AveCharlotte, NC 28204

Property Details for 821 Louise Ave

Year built

1967

Lot size

0.51 AC

Property size (Sq ft)

3,432 SF

Zone code

B-2

Property type

Office properties

Property subtype

Office buildings

APN

8111427

APU

8111427

Description

This well-maintained, single-story office building at 821 Louise Ave in Charlotte, NC, offers a unique blend of office space options. Located in the vibrant Plaza Midwood neighborhood, this property boasts convenient access to Uptown Charlotte, situated less than a minute from the Central Avenue and E 10th St intersection. The building's 4,376 square feet are divided into multiple suites, providing flexibility for various business needs. Individual office suites range from a minimum of 120 square feet to a maximum of 505 contiguous square feet, making it ideal for small businesses, startups, or satellite offices. Currently, 505 square feet of space is available. The building features a total of four suites, providing a manageable and intimate work environment. With ample parking for 20 vehicles, client and employee parking is readily available. Built in 1967, the building sits on a 0.48-acre lot (APN: 081-114-27) in Mecklenburg County and is zoned for coworking, traditional office, medical office, and creative office uses. Its proximity to a variety of retail, office, and high-rise residential units makes it an attractive location for businesses seeking a thriving and accessible environment. This property presents a fantastic opportunity for businesses seeking a well-located and versatile office space in a desirable Charlotte neighborhood.

• CAP approach

  CAP return

  Valuation

  6%

  $1,133,175

  6.5%

  $1,046,008

  7%

  $971,293

• Comparable approach

  Method

  Valuation

  Relative Method

  $581,175

  Geo Method

  $581,175

• Alternative Use

  Use

  Valuation

  Residential

  $1,297,050

  Hospitality

  $1,188,090

  Educational

  $988,477

  Medical

  $1,022,473

  Retail

  $1,537,631

Location Insight

City

Charlotte

County

Mecklenburg

State

North Carolina

Latitude

35.2227

Longitude

-80.8215

CBSA code

16740

CBSA name

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

Property Tax & Assessments

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