3840 Matthews Indian Trail RdMatthews, NC 28104

Property Details for 3840 Matthews Indian Trail Rd

Year built

2001

Lot size

0.05 AC

Property size (Sq ft)

2,000 SF

Zone code

LI INDIAN TRAIL

Property type

Industrial properties

APN

07-105-023A06

APU

07105023A06

Description

This exceptional investment opportunity presents a 1100000 USD warehouse building situated at 3840 Matthews Indian Trail Road, Matthews, NC. The property boasts four spacious units, currently occupied by a single tenant, but easily divisible to maximize rental income potential. Each unit (Units 6, 7, 8, and 9) offers significant flexibility for a variety of industrial or storage uses. The building's layout is adaptable to suit the needs of multiple tenants, making it an ideal asset for long-term growth and diversification. Its strategic location near Highway 74 ensures excellent accessibility and visibility, attracting a wide range of potential tenants. This presents a rare chance to acquire a versatile income-producing property in a high-demand area. The property sits on a 0-acre lot and is classified as industrial. The current occupancy provides immediate cash flow, while the potential for multiple tenants offers significant upside for future returns. This is a strong investment opportunity for those seeking a stable and growing income stream in the thriving Matthews market. Don't miss this chance to own a valuable piece of commercial real estate in a prime location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,226,220

  6.5%

  $1,131,890

  7%

  $1,051,040

• Comparable approach

  Method

  Valuation

  Relative Method

  $541,888

  Geo Method

  $541,888

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $586,698

  Mixed-Use / Specialty

  $589,546

  Hospitality / Lodging

  $438,963

  Office

  $591,189

  Institutional / Educational

  $614,656

  Residential Income

  $719,148

  Multifamily

  $835,121

  Automotive / Energy

  $526,848

  Parking / Income-Based Land

  $176,928

  Restaurant / Food Service

  $317,170

  Healthcare / Senior Housing

  $599,503

Location Insight

City

Matthews

County

Union

State

North Carolina

Latitude

35.09

Longitude

-80.674

CBSA code

16740

CBSA name

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

Property Tax & Assessments

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