1431 Elizabeth Ave Charlotte, NC 28204-2506
- Office buildings
- 8,086 SF
- 0.21 lot acres
Current Use by Public Records
- Dawg' On Vegans / Vegan Restaurant
- Mito Station / Coworking Space
- T4 Smooth / Health Food Restaurant
- GoGetDash / Transportation Service
- Osmani Barber & Salon / Barber Shop
Property Details for 1431 Elizabeth Ave
- Year built
- 1955
- Lot size
- 0.21 lot acres
- Property size
- 8,086 SF
- Zone code
- B-2
- Property type
- Office buildings
- APN
- 8019409
- APU
- 8019409
Description
This exceptional Charlotte office building, located at 1431 Elizabeth Ave, offers a unique opportunity for businesses seeking flexible workspace solutions. The property, a single 8,245 square foot building constructed in 1955, is classified as Class B and sits on a 0.21-acre lot in Mecklenburg County (APN: 080-194-09). Zoned B-2, it provides multiple tenancy options with a minimum divisible space of 100 square feet and a maximum contiguous space of 1,200 square feet. Its convenient location less than a mile from Uptown Charlotte, coupled with its proximity to the Lynx Gold Line, ensures excellent accessibility and visibility. The building features three separate entrances, offering tenants enhanced privacy and convenience while fostering a collaborative work environment. This is an ideal space for businesses seeking a blend of flexibility, accessibility, and a prime location in a thriving urban area. The property is perfect for coworking spaces or smaller businesses needing adaptable office solutions. This is a rare opportunity to secure office space in a well-located, established building with a strong history.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,565,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,350,000
- 6.5%
- $2,535,000
- 7%
- $2,555,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $2,645,000
- Geo Method
- $2,425,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $3,155,000
- Retail
- $2,955,000
- Mixed-Use
- $2,545,000
- Hospitality
- $3,080,000
- Educational
- $2,860,000
- Residential Income
- $3,195,000
- Energy
- $3,010,000
- Income-Based Land
- $3,250,000
- Food Service
- $2,415,000
Location Insight
- Map
- Local Demand
- City
- Charlotte
- County
- Mecklenburg
- State
- North Carolina
- Longitude
- -80.8277
- Latitude
- 35.2151
- CBSA code
- 16740
- CBSA name
- CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA
