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Commercial

Central Avenue Portfolio

2221 Central Ave, Charlotte, NC 28205

Listing Price: $3,500,000

Lot Size
1.05 acres
Price/Acre
$3,342,908
Land Type
Redevelopment
Buildable Square Feet
45,607

Investment Overview

Marcus & Millichap is pleased to present a redevelopment site located in the Plaza Midwood section of Charlotte. The exact addresses for the properties are 2205 Central Avenue, 2221 Central Avenue, Tippah Park Court, and 1421 Tippah Park Court. The subject consists of 4 contiguous parcels at the corner of Tippah Park Court and Central Avenue. The parcels combined are 1.05 acres. One of the largest parcels has a 3,452 SF vacant building built in 1942 and was used as a restaurant. The two largest parcels face Central Avenue with frontage on the entire block from Landis Avenue to Tippah Park Court. The subject property has 75 SF of footage on Central Ave and 131 SF of footage on Tippah Park Court. The site's traffic volume is 19,526 vehicles per day, Central Ave being the collection street and Tippah Park Court as the cross street.
The site is located directly across from Veteran's Memorial Park, which has 19 acres that include 2 Half-court basketball courts, a Sprayground, a Baseball field, a softball field, six tennis courts, two outdoor shelters, an indoor shelter, playground, and walking trail. Charlotte Area Transit System (CATS) and The Charlotte Department of Transportation (CDOT) worked together to implement a new dedicated bus lane along Central Ave from Eastway Dr to the Eastland Transit Center. This dedicated bus lane also featured an existing bike lane. Central Avenue was selected because of its high transit ridership. Central Avenue has the highest bus route ridership in the CATS network. Central Avenue has a high transit frequency, with the bus currently running every 10 minutes between 6 am - 7 pm on weekdays. Central Avenue is the key connection between Eastland CTC and Uptown. Central Avenue is an integral part of the CityLYNX Gold Line, a 10-mile streetcar system that is part of the 2030 Transit Corridor System Plan.

Investment Highlights

  • Perfect for multi-family, retail, or mixed-use development in desirable Midwood Plaza
  • Close to Major highways
  • Across from Veteran's Memorial Park
  • Access to Charlotte Area Transit System Bus Line
  • 4 parcels total on 1.05 Acres
  • Central Avenue has the high transit count (19,526 VPD)

Exclusively Listed By

Financing By

Listing Price: $3,500,000

Lot Size
1.05 acres
Price/Acre
$3,342,908
Land Type
Redevelopment
Buildable Square Feet
45,607

Investment Highlights

  • Perfect for multi-family, retail, or mixed-use development in desirable Midwood Plaza
  • Close to Major highways
  • Across from Veteran's Memorial Park
  • Access to Charlotte Area Transit System Bus Line
  • 4 parcels total on 1.05 Acres
  • Central Avenue has the high transit count (19,526 VPD)

Investment Overview

Marcus & Millichap is pleased to present a redevelopment site located in the Plaza Midwood section of Charlotte. The exact addresses for the properties are 2205 Central Avenue, 2221 Central Avenue, Tippah Park Court, and 1421 Tippah Park Court. The subject consists of 4 contiguous parcels at the corner of Tippah Park Court and Central Avenue. The parcels combined are 1.05 acres. One of the largest parcels has a 3,452 SF vacant building built in 1942 and was used as a restaurant. The two largest parcels face Central Avenue with frontage on the entire block from Landis Avenue to Tippah Park Court. The subject property has 75 SF of footage on Central Ave and 131 SF of footage on Tippah Park Court. The site's traffic volume is 19,526 vehicles per day, Central Ave being the collection street and Tippah Park Court as the cross street.
The site is located directly across from Veteran's Memorial Park, which has 19 acres that include 2 Half-court basketball courts, a Sprayground, a Baseball field, a softball field, six tennis courts, two outdoor shelters, an indoor shelter, playground, and walking trail. Charlotte Area Transit System (CATS) and The Charlotte Department of Transportation (CDOT) worked together to implement a new dedicated bus lane along Central Ave from Eastway Dr to the Eastland Transit Center. This dedicated bus lane also featured an existing bike lane. Central Avenue was selected because of its high transit ridership. Central Avenue has the highest bus route ridership in the CATS network. Central Avenue has a high transit frequency, with the bus currently running every 10 minutes between 6 am - 7 pm on weekdays. Central Avenue is the key connection between Eastland CTC and Uptown. Central Avenue is an integral part of the CityLYNX Gold Line, a 10-mile streetcar system that is part of the 2030 Transit Corridor System Plan.

Exclusively Listed By

Financing By

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