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    1159 Commercial Ave Charlotte, NC 28205

    Sponsored
    For Lease
    Contact for pricing

    Prime Office/Retail Space Available in Plaza

    Lot size:
    13,829 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This 13,829 square foot Class B commercial building, located at 1159 Commercial Ave, Charlotte, NC 28205, offers flexible office and retail space in the desirable Plaza submarket of Mecklenburg County. The property features a multi-tenant configuration with a minimum divisible space of 759 square feet and a maximum contiguous space of 1,180 square feet. Currently, 2,939 square feet of space is vacant and available for immediate occupancy. Select units have undergone recent renovations, presenting a move-in ready opportunity for businesses seeking a prime location. The building's address is conveniently situated near The Plaza cross street, providing excellent visibility and accessibility. This versatile space is ideal for traditional office users, creative office tenants, or retail businesses seeking a vibrant and well-connected location in Charlotte. The property's location within the Plaza submarket offers a strategic advantage for businesses seeking a thriving commercial environment. Inquire today to learn more about leasing options and to schedule a viewing.

    Property Features for 1159 Commercial Ave

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    13,829 SF
    Class
    B

    Unit(s) available at that property

    Space
    1177 Commercial Avenue
    Size
    1,445 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Office space

    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
    -80.783754584248
    Latitude
    35.246602099129

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    FAQs

    What type of property is this?
    Office space - Prime Office/Retail Space Available in Plaza
    Where is this office space located?
    The property is located at 1159 Commercial Ave Charlotte, NC.
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    1159 Commercial 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
    1159 Commercial Ave Charlotte, NC 28205
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