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    1212 Commonwealth Ave Charlotte, NC 28205

    Sponsored
    For Sale
    Contact for pricing

    Iconic Charlotte Restaurant & Retail Space

    Property size:
    14,988 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional retail property, located at 1212 Pecan Avenue & 1801 Commonwealth Ave in Charlotte, NC, presents a unique investment opportunity. The 0.59-acre lot (APN: 08117601, 08117602) boasts a total of 14,988 square feet of space, zoned MUDD-O and B-2. The property includes a second-generation 8,000 square foot bar/restaurant space, along with an additional 7,000 square feet of retail space currently occupied by Smooth Monkey and Jackalopes Jacks. This single-tenancy property is situated in the highly desirable Plaza Midwood neighborhood, known for its high barrier to entry and scarcity of comparable sites. Its prime location within one of Charlotte's most active development corridors places it amidst a vibrant mix of retail, office, multi-family, and mixed-use developments. This makes it ideal for owner-operators, investors, or developers seeking a high-profile location in a thriving Charlotte submarket. The property's zip code is 28205, and it's located in Mecklenburg County. This is a rare chance to acquire a significant presence in a coveted area of Charlotte. The property's strategic location and existing infrastructure offer immediate potential for a variety of uses.

    Property Features for 1212 Commonwealth Ave

    General Information

    Property type
    Restaurants
    Square Feet
    14,988 SF
    Lot Size
    25,700 SF

    HighLights

    • Prime Plaza Midwood location with high barriers to entry.
    • Limited comparable sites available in the submarket.
    • Excellent walkability to diverse surrounding retail, office, multifamily, and mixed‑use properties.
    • Situated in a highly desirable and rapidly developing Charlotte corridor.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Charlotte
    County
    Mecklenburg
    State
    North Carolina
    Longitude
    -80.8142802
    Latitude
    35.2184292

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    FAQs

    What type of property is this?
    Restaurant - Iconic Charlotte Restaurant & Retail Space
    Where is this restaurant located?
    The property is located at 1212 Commonwealth Ave Charlotte, NC.
    What are key features of this property?
    This property features: Prime Plaza Midwood location with high barriers to entry.; Limited comparable sites available in the submarket.; Excellent walkability to diverse surrounding retail, office, multifamily, and mixed-use properties.
    Request Owner's contact information
    1212 Commonwealth Ave 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
    1212 Commonwealth Ave Charlotte, NC 28205
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