216 Mcdowell StCharlotte, NC 28204

Property Details for 216 Mcdowell St

Year built

1984

Lot size

1.47 AC

Property size (Sq ft)

970 SF

Zone code

MUDD

Property type

Office properties

APN

8009318

APU

8009318

Description

This exceptional 3,740 square foot office space, located at 216 N McDowell St, Suite 110 in Charlotte, NC, is ready for occupancy on January 22, 2025. The property is a Class B, two-story building constructed in 1984, situated on a 1.47-acre lot. The space itself offers approximately 3,740 square feet of conditioned office area, complemented by an additional 199 square feet of storage. Previously used as attorney offices, this versatile space is ideal for a variety of professional uses. On-site parking is available for added convenience. Its prime location in Charlotte's Central Business District (CBD) provides easy access to Highway 74, and is a mere six-minute walk from the courthouse. The property's zoning is classified as C. Furthermore, this location offers proximity to vibrant neighborhoods such as Midtown, Plaza Midwood, and South End, as well as quick access to I-277, making it an attractive option for businesses seeking a central and accessible location. The building's address is 216 N McDowell St, Charlotte, NC 28204.

• CAP approach

  CAP return

  Valuation

  6%

  $362,977

  6.5%

  $335,056

  7%

  $311,123

• Comparable approach

  Method

  Valuation

  Relative Method

  $164,260

  Geo Method

  $164,260

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $672,319

  Retail / Commercial

  $342,281

  Mixed-Use / Specialty

  $339,106

  Hospitality / Lodging

  $246,246

  Institutional / Educational

  $351,835

  Residential Income

  $411,647

  Multifamily

  $504,544

  Automotive / Energy

  $301,573

  Parking / Income-Based Land

  $106,000

  Restaurant / Food Service

  $172,200

  Healthcare / Senior Housing

  $349,752

Location Insight

City

Charlotte

County

Mecklenburg

State

North Carolina

Latitude

35.2217

Longitude

-80.8329

CBSA code

16740

CBSA name

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

Property Tax & Assessments

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