FOR SALE

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C H A R L O T T E , N C 2 8 2 0 5

JAY MITCHENER CLIFF BENSON R e a l E s t a t e B r o k e r R e a l E s t a t e B r o k e r 9 0 4 P e c a n A v e n u e , # 2 0 1 | C h a r l o t t e , N C 2 8 2 0 5 j a y @ t h r i f t c r e s . c o m c l i f f @ t h r i f t c r e s . c o m 1 7w1 0w wA .btbher yi f tPcl ar ec se., c #o1m0 0 || C( 7h 0a r4l )o t3t 0e ,7 -N4C4 27 08 2 0 9 w w w . t h r i f t c r e s . c o m ( 7 0 4 ) 5 7 6 - 2 7 7 2 ( 7 0 4 ) 9 8 9 - 5 4 7 6 PROPERTY INFORMATION

Address: 1214-1216 Thomas Ave, Charlotte, NC 28205 Total RSF: 2,410 Land: 0.251 Acres Zoning: B-2 Sales Price: $1,200,000 Parcel ID: 02703402 Year Built: 1959 Parking: 11 spaces with opportunity to add additional spaces in the rear PED Overlay: Property is located within the PED overlay, allowing reduced parking requirements and increased flexibility on use. Value Add Opportunity for Investor: Below market rents in place with upcoming Lease expirations Rare Infill Location for Owner/Operator: Chance to move in immediately and collect rent on the adjacent space

AERIAL OVERVIEW P L A Z A M I D W O O D

Plaza Midwood is known locally as one of Charlotte’s most authentic and eclectic neighborhoods. Local art galleries and funky retail shops blend charm with established dining destinations. Residents range from single professionals working uptown to young couples and families. From food truck Fridays to brewery cycling nights, there is always something going on in Plaza Midwood. GOLD LINE

The CityLYNX Gold Line is a 10-mile (37 stop) streetcar system that is an integral part of the 2030 Transit Corridor System Plan and is being built in phases. The full streetcar line will connect all current and future rapid transit lines, including the LYNX Blue Line , LYNX Silver Line light rail, LYNX Red Line and provide a critical connection to the future Charlotte Gateway District and Multimodal Station. Phase 1 of the CityLYNX Gold Line streetcar opened in 2015 to ridership above projections. The 1.5-mile route from Center City serves the Charlotte Transportation Center, CPCC, and Novant Hospital providing a total of 6 stops while connecting to the LYNX Blue Line light rail. Phase 2 is currently under construction and is expected to open to revenue service In early 2021. PED OVERLAY

The existing site is zoned B-2, and is subject to the Pedestrian Overlay District (PED) One of the greatest benefits this site has from the PED Overlay is in regards to parking requirements. Not only are the requirements greatly reduced, you may also utilize public parking within 400 feet of the premises in your parking count. Uses permitted in the PED include those allowed by the underlying district, B-2, as well as dwellings and mixed-use, subject to the design standards of PED. For full regulations of the PED, refer to Charlotte Zoning Ordinance, Part 8: Pedestrian Overlay District. SITE PHOTOS

JAY MITCHENER CLIFF BENSON R e a l E s t a t e B r o k e r R e a l E s t a t e B r o k e r 9 0 4 P e c a n A v e n u e , # 2 0 1 | C h a r l o t t e , N C 2 8 2 0 5 j a y @ t h r i f t c r e s . c o m c l i f f @ t h r i f t c r e s . c o m 1 7w1 0w wA .btbher yi f tPcl ar ec se., c #o1m0 0 || C( 7h 0a r4l )o t3t 0e ,7 -N4C4 27 08 2 0 9 w w w . t h r i f t c r e s . c o m ( 7 0 4 ) 5 7 6 - 2 7 7 2 ( 7 0 4 ) 9 8 9 - 5 4 7 6