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    1401 Central Ave Charlotte, NC 28205-5143

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    1401 Central Ave Charlotte, NC 28205-5143


    • Retail space
    • 18,660 SF
    • 0.70 lot acres
    Off-Market
    Last Sale Jul 18, 2024
    $13,975,000
    Property ID
    US53-5741683
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Value Estimations
    $13,975,000
    Show details
    Cap Rate Potential
    2.2%
    Retail space
    Location Intelligence

    Current Use by 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

    Property Details for 1401 Central Ave

    Year built
    1962
    Lot size
    0.70 lot acres
    Property size
    18,660 SF
    Zone code
    B-2
    Property type
    Retail space
    APN
    8117506
    APU
    8117506

    Description

    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.


    Value Estimations

    based on Realmo’s proprietary methodology
    • AI approach

      Method
      Estimation
      Statistic approach
      $13,975,000
      ML approach
      $13,975,000
    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $12,890,000
      RESTAURANT
      $11,925,000
      APARTMENT HOUSE (5+ UNITS)
      $8,965,000

    Get a detailed, property-specific estimation — fast and free


    Location Insight

    • Map
    • Local Demand
    City
    Charlotte
    County
    Mecklenburg
    State
    North Carolina
    Longitude
    -80.8148
    Latitude
    35.2209
    CBSA code
    16740
    CBSA name
    CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $41,766
    $2,748,200
    $2,945,800
    $5,694,000
    -
    $2,748,200
    $2,945,800
    $5,694,000
    More about this property
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