163 Trade StMatthews, NC 28105

Property Details for 163 Trade St

Year built

1985

Lot size

0.91 AC

Property size (Sq ft)

1,885 SF

Zone code

B2

Property type

Office properties

APN

22701331

APU

22701331

Description

This exceptional 1,000 square foot office condo, situated in the vibrant Griffin Square of downtown Matthews, presents a unique opportunity for a variety of businesses. Located just five minutes from Charlotte and I-485, this property offers unparalleled convenience and accessibility. The space is ideal for small creative or traditional offices, boutique retail ventures, art studios, or even experiential businesses like sip and paint classes. Its prime location across from Stumptown Park provides immediate access to a thriving community with restaurants, shops, and a farmers market all within walking distance. The interior boasts a spacious open area equipped with a built-in counter, cabinets, and a sink, enhancing its versatility. A private bathroom and a separate, adaptable room—perfect for storage, a private office, or a small conference room—add to the functionality. The building itself comprises two one-story structures with a combined total of 55 parking spaces. The property is zoned HUC and is part of a multi-tenant building. While the total building square footage is not currently available, 1,940 square feet are currently vacant. Potential tenants should be prepared to submit a commercial lease application, a detailed business plan, and two to three years of financial statements. This is a remarkable opportunity to establish your business in a thriving, amenity-rich location.

• CAP approach

  CAP return

  Valuation

  6%

  $530,346

  6.5%

  $489,550

  7%

  $454,582

• Comparable approach

  Method

  Valuation

  Relative Method

  $319,206

  Geo Method

  $319,206

• Alternative Use

  Use

  Valuation

  Residential

  $607,042

  Hospitality

  $556,047

  Educational

  $462,625

  Medical

  $478,535

  Retail

  $719,638

Location Insight

City

Matthews

County

Mecklenburg

State

North Carolina

Latitude

35.115

Longitude

-80.7227

CBSA code

16740

CBSA name

CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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