1111 The PlzCharlotte, NC 28205

Property Details for 1111 The Plz

Year built

1973

Lot size

0.34 AC

Property size (Sq ft)

2,480 SF

Zone code

B-2

Property type

Medical offices

Property subtype

Medical centers

APN

8117612

APU

8117612

Description

This exceptional 2,480-square-foot medical office space is available for lease at 1111 The Plaza in Charlotte, North Carolina. Located in the vibrant Plaza Midwood neighborhood, this single-tenant property offers a prime location within walking distance of numerous retail establishments and popular restaurants. Built in 1973, this one-story building sits on a single lot and is zoned CAC-2 (CD) within Mecklenburg County (APN: 08117612). The property boasts ample parking, a significant advantage in this bustling area. The space is move-in ready and suitable for a variety of uses, including retail, office, food and beverage, or medical office tenants. Its strategic location within a thriving mixed-use and multi-family residential area presents a unique opportunity to establish a presence in one of Charlotte's most dynamic and sought-after neighborhoods. The property's convenient access to local amenities and its versatile design make it an ideal choice for businesses seeking a high-visibility location with excellent accessibility. This is a rare opportunity to secure a substantial space in a highly desirable area of Charlotte. The total building square footage is 2,480 square feet, with the entire space currently vacant.

• CAP approach

  CAP return

  Valuation

  6%

  $668,255

  6.5%

  $616,851

  7%

  $572,790

• Comparable approach

  Method

  Valuation

  Relative Method

  $419,963

  Geo Method

  $419,963

• Alternative Use

  Use

  Valuation

  Residential

  $764,895

  Hospitality

  $700,640

  Educational

  $582,924

  Medical

  $602,972

  Retail

  $906,770

Location Insight

City

Charlotte

County

Mecklenburg

State

North Carolina

Latitude

35.2182

Longitude

-80.8116

CBSA code

16740

CBSA name

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

Property Tax & Assessments

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