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Property profile & analytics
OFF-MARKET Estimated value $13,975,000
Retail space

1401 Central Ave Charlotte, NC 28205-5143

18,660 SF 0.7 ac lot Built 1962
Entity Owned 2-yr Hold Free & Clear
Property ID
US53-5741683
Property summary
AI-generated overview

This exceptional 1,052 square foot office sublease presents a unique opportunity in the vibrant Plaza Midwood submarket of Mecklenburg County. Located within a Class A, two-story building at 1401 Central Ave., this space boasts a recent 2023 renovation, offering modern amenities within a historically significant structure originally built in 1962. The suite features abundant natural light and exposed ceilings, creating a stylish and productive work environment. One private office is included within the larger space, providing flexibility for individual needs. The building itself is a boutique office/retail building, offering a unique blend of professional and community atmosphere. This sublease offers over four years remaining on the lease term, providing long-term stability for your business. The minimum divisible space is 1,052 square feet, making it ideal for a small to medium-sized business seeking a move-in ready office solution. The total building size is 18,660 square feet, indicating a well-established and thriving community within the building. This is a rare opportunity to secure a high-quality office space in a highly sought-after location. Don't miss out on this chance to establish your business in the heart of Plaza Midwood.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1962
Total area 18,660 SF
Lot 0.7 ac (30,546 SF)
Zoning code B-2
APN 8117506
UPID US53-5741683
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
  • Blue Corona Marketing & Advertising
  • Claudia Soria Big Box & Wholesale Store
  • 2nd STREET Plaza Midwood Discount Store (Bike/Boat/Book/etc) Store
  • Insomnia Cookies Bakery Take-out & Catering
  • Club Pilates Plaza Midwood Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$13.98M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$13.98M
Owner & transaction history
Cpgjrc Midwood LLC · 2 yrs held
Cpgjrc Midwood LLC
since 2024
Last sale
$14.0M
7 recorded transactions
2024
Price N/A
2024
$14.0M
2019
$5.9M
2019
Price N/A
2013
Price N/A
2007
$1.6M
2007
Price N/A
Zoning & alternative use
B-2 · Charlotte, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general) $12.9M +153.8%
Restaurant $11.9M +134.8%
Apartment house (5+ units) $9.0M +76.6%
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