200 Matthews StMatthews, NC 28105
- Retail properties
- 2,396 SF
Property Details for 200 Matthews St
- Year built
- 1978
- Lot size
- 0.59 AC
- Property size (Sq ft)
- 2,396 SF
- Zone code
- HUC
- Property type
- Retail properties
- Property subtype
- Turn key restaurants
- APN
- 21501226
- APU
- 21501226
Description
This exceptional 1.61-acre commercial property, located at 200 & 208 E Matthews Street in Matthews, NC, presents a remarkable investment opportunity. Priced at $4,995,000, this prime location offers unparalleled visibility and accessibility within a thriving commercial district. The property's versatility makes it suitable for a wide range of businesses, including but not limited to grocery stores and restaurants. Its strategic placement ensures a consistent flow of foot traffic and convenient customer access. Ample parking is available on-site, adding to the property's overall appeal and functionality. The existing building on the property is conveyed at no additional value, providing a blank canvas for development or renovation to suit a buyer's specific needs. This is a rare chance to acquire a high-impact commercial property in a dynamic and rapidly growing area of Matthews, NC. The property's size and location offer significant potential for long-term growth and profitability, making it an ideal investment for discerning buyers seeking a strong foothold in a desirable market. The property's prime location and ample parking make it an attractive option for a variety of commercial ventures. This is a unique opportunity to establish or expand a business in a highly visible and accessible location. Don't miss this chance to secure a valuable asset in a thriving commercial area.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $995,188
- 6.5%
- $918,635
- 7%
- $853,018
-
Comparable approach
- Method
- Valuation
- Relative Method
- $1,022,461
- Geo Method
- $1,022,461
-
Alternative Use
- Use
- Valuation
- Residential
- $774,903
- Hospitality
- $709,807
- Educational
- $590,551
- Medical
- $610,861
- Retail
- $918,635
Location Insight
- City
- Matthews
- County
- Mecklenburg
- State
- North Carolina
- Latitude
- 35.1175
- Longitude
- -80.7196
- CBSA code
- 16740
- CBSA name
- CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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