A major Plaza Midwood parking lot and shopping center has been listed for sale on retail investment firm Berkeley Capital Advisors’ website.
Central Square on Central Avenue and Pecan Ave is listed as available, The Charlotte Ledger first reported Thursday.
The three lots listed on Berkeley Capital Advisors website are owned by Cole Properties and Investments. The lots include roughly 12 acres. The property features a CVS, the Roasting Company, Bistro La Bon, Five Guys and a large parking lot.
The asking price was not immediately available. But the three parcels are valued at about $18.2 million, county records show.
The parking lot has made news lately for complaints from patrons and nearby businesses for strict parking enforcement practices.
An all-caps sign was hung outside of nearby businesses The Peculiar Rabbit and Smooth Monkey the week of Aug. 2 that read:
“THE BULLIES ACROSS THE STREET ARE BOOTING YOUR CARS. DON’T PARK THERE!”
The shopping center, last sold in 1975, is surrounded by a rapidly-changing neighborhood with new apartments and breweries. The area has seen longtime businesses like Brodt Music and the Penguin restaurant close their doors. Last week, the iconic Dairy Queen, which opened in the 1950s, announced it too would close.
This story originally appeared in The Charlotte Observer.