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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

1212 Commonwealth Ave Charlotte, NC 28205

14,988 SF 0.59 ac lot
Property ID
Property summary
AI-generated overview

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 profile
Verified
Property type Retail properties & Spaces
Total area 14,988 SF
Lot 0.59 ac (25,700 SF)
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
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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