1318 Pecan AveCharlotte, NC 28205

Property Details for 1318 Pecan Ave

Year built

2018

Lot size

0.41 AC

Property size (Sq ft)

10,744 SF

Zone code

B-2

Property type

Retail space

APN

8117405

APU

8117405

Description

Nova's Corner presents a unique investment opportunity in the vibrant Plaza Midwood neighborhood of Charlotte, North Carolina. This two-story building, totaling 10,428 square feet, offers multiple suites ideal for a variety of uses, including retail, restaurant, office, fitness, and medical. Currently, 2,742 square feet of contiguous space is available, with a minimum divisible space of 1,205 square feet. The building features abundant parking and an elevator for convenient access to both floors. One available space is a 2nd generation retail space complete with a covered patio, perfect for a restaurant or similar business. Another 2nd generation space is also available, suitable for fitness, medical, or general retail uses. Located at 1318 Pecan Avenue, Charlotte, NC 28205, this property boasts a prime location within walking distance of numerous restaurants and shops, and provides easy access to Uptown, Midtown, and major interstates. The building consists of three total suites within one building, situated in Mecklenburg County. This is an exceptional chance to secure a well-positioned commercial space in a thriving Charlotte neighborhood. The property's versatility and convenient location make it an attractive option for a wide range of businesses seeking a high-visibility presence in a desirable area.

• CAP approach

  CAP return

  Valuation

  6%

  $4,255,727

  6.5%

  $3,928,364

  7%

  $3,647,766

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,584,860

  Geo Method

  $4,584,860

• Alternative Use

  Use

  Valuation

  Residential

  $3,313,722

  Hospitality

  $3,035,351

  Educational

  $2,525,376

  Medical

  $2,612,228

  Retail

  $3,928,364

Location Insight

City

Charlotte

County

Mecklenburg

State

North Carolina

Latitude

35.2211

Longitude

-80.813

CBSA code

16740

CBSA name

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

Property Tax & Assessments

FAQs

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