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    OFF-MARKET
    Car washes

    2522 The Plz, Charlotte, NC 28205-2408

    808 SF 0.43 ac lot Built 1965
    Entity Owned 36-yr Hold Free & Clear
    Property ID
    US53-0532833
    Property summary
    AI-generated overview

    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 profile
    Verified
    Property type Car washes
    Use group CAR WASH
    Year built 1965
    Total area 808 SF
    Lot 0.43 ac (18,644 SF)
    Zoning code R-5
    APN 9502309
    UPID US53-0532833
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Up Town Car Wash
    • CHAMOS Grill Restaurant
    • Low-Cost Tires (Bike/Boat/Book/etc) Store Auto Parts Store
    • Value tires (Bike/Boat/Book/etc) Store Auto Parts Store
    Value estimations
    Realmo proprietary · 4 methods
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    by Request
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    Blend (final) Blend
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    Owner & transaction history
    Deram Corporation · 36 yrs held
    Deram Corporation
    since 1989
    1 recorded transaction
    1989
    $60,000
    Zoning & alternative use
    R-5 · Charlotte, NC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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