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    2522 The Plz Charlotte, NC 28205

    Sponsored
    For Sale
    $1,200,000

    High-growth area, endless potential.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional 0.44-acre commercial property, located at 2522 The Plaza in Charlotte, North Carolina's vibrant Plaza Midwood neighborhood, presents a unique investment opportunity. Currently operating as a month-to-month leased tire store, the property boasts a rich history, having previously served as a gas station. All underground fuel tanks have been removed, opening the door to a wide array of potential uses. The General Commercial zoning allows for significant flexibility in redevelopment or continued operation as a retail space. Plaza Midwood is renowned for its eclectic atmosphere, blending historic charm with a trendy, modern feel. The area is characterized by its diverse mix of shops, restaurants, and entertainment venues, attracting both residents and visitors alike. This high-traffic location offers excellent visibility and accessibility, making it an ideal site for a variety of businesses. The asking price is $1,200,000. This property's prime location and versatile zoning make it a compelling investment in a rapidly growing and desirable area of Charlotte. The existing lease provides immediate income potential while allowing for future development plans. Don't miss this chance to acquire a piece of Charlotte's thriving commercial landscape.

    Property Features for 2522 The Plz

    General Information

    Property type
    Other commercial real estate
    Lot Size
    19,166 SF

    Building Details

    Year Built
    1965
    Property Profile Location Intelligence

    Current Use by Public Records

    Up Town Car Detailing Service CHAMOS Grill Restaurant Low-Cost Tires Tire Shop Value tires Tire Shop

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Charlotte
    County
    Mecklenburg
    State
    North Carolina
    Longitude
    -80.80453
    Latitude
    35.23509

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    FAQs

    What type of property is this?
    Commercial real estate - High-growth area, endless potential.
    Where is this commercial real estate located?
    The property is located at 2522 The Plz Charlotte, NC.
    What is the asking price?
    The asking price for this property is $1,200,000.
    (704) 412-2804
    Request Owner's contact information
    2522 The Plz Charlotte, NC 28205
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    Charlotte, NC 28205
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2522 The Plz Charlotte, NC 28205
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