528 Charles StMatthews, NC 28105

Property Details for 528 Charles St

Year built

1965

Lot size

0.51 AC

Property size (Sq ft)

8,000 SF

Zone code

R-9

Property type

Warehouses

APN

21501401

APU

21501401

Description

This exceptional 8,000+ square foot warehouse in vibrant Downtown Matthews, NC presents a lucrative business opportunity. Situated on a 1.3-acre lot, this property boasts 17-foot ceilings and is currently generating income from five rental units used for automotive and outdoor storage. The warehouse features upgraded LED lighting throughout, ample parking, and a recently updated two-phase electrical system. Each office is equipped with tankless water heaters and central air conditioning, ensuring both efficiency and comfort. Its strategic location provides easy access to I-485, and is surrounded by a thriving mix of restaurants, retail establishments, and other businesses. The R-9 zoning allows for a variety of uses, and the current automotive use is grandfathered by the Town of Matthews, provided any future use remains similar. This property represents a significant long-term investment potential due to its prime location, existing cash flow, and versatile zoning. The substantial building size and high ceilings offer significant flexibility for a wide range of business ventures. The property's excellent condition and recent upgrades minimize immediate capital expenditure needs, allowing for a swift return on investment. Don't miss this rare chance to acquire a thriving business and prime real estate in the heart of Matthews. The asking price is $1,600,000.

• Alternative Use

  Use

  Valuation

  Residential

  $2,587,322

  Hospitality

  $2,369,973

  Educational

  $1,971,789

  Medical

  $2,039,602

  Retail

  $3,067,228

Location Insight

City

Matthews

County

Mecklenburg

State

North Carolina

Latitude

35.1126

Longitude

-80.7155

CBSA code

16740

CBSA name

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

Property Tax & Assessments

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