110 John StMatthews, NC 28105

Property Details for 110 John St

Year built

1973

Lot size

1.42 AC

Property size (Sq ft)

4,701 SF

Zone code

B-1

Property type

Banks

APN

22701324

APU

22701324

Description

This exceptional medical office opportunity is located in the heart of Downtown Matthews at 110 E. John St., in Mecklenburg County, NC (zip code 28105). The property boasts a convenient location with easy walkability to a variety of restaurants, shops, and the local library. This multi-tenant building offers 4,700 square feet of vacant space, ideal for medical or retail tenants seeking a high-visibility location. The 1.4-acre lot provides ample parking with 13 spaces available. The property features three points of access for convenient ingress and egress, and benefits from prominent backlit monument signage on E. John Street, ensuring high visibility for your business. The B-1 zoning allows for a variety of uses. Enjoy excellent access to major roadways including Highway 51, US-74, and I-485, as well as proximity to Novant Medical Center. This property presents a rare opportunity to establish a thriving business in a vibrant and growing community, serving the over 30,000 residents within a 17-square-mile radius of Downtown Matthews.

• CAP approach

  CAP return

  Valuation

  6%

  $1,497,100

  6.5%

  $1,381,930

  7%

  $1,283,220

• Comparable approach

  Method

  Valuation

  Relative Method

  $827,910

  Geo Method

  $827,910

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $2,676,790

  Mixed-Use / Specialty

  $1,384,330

  Hospitality / Lodging

  $1,025,170

  Office

  $1,383,730

  Institutional / Educational

  $1,441,760

  Residential Income

  $1,686,860

  Multifamily

  $1,982,540

  Automotive / Energy

  $1,235,800

  Parking / Income-Based Land

  $419,224

  Restaurant / Food Service

  $735,626

  Healthcare / Senior Housing

  $1,412,100

Location Insight

City

Matthews

County

Mecklenburg

State

North Carolina

Latitude

35.115

Longitude

-80.7218

CBSA code

16740

CBSA name

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

Property Tax & Assessments

FAQs

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