428 4Th StCharlotte, NC 28202

Property Details for 428 4Th St

Year built

1986

Lot size

0.35 AC

Property size (Sq ft)

448 SF

Zone code

UMUD

Property type

Office properties

Property subtype

Other office properties

APN

12502419

APU

12502419

Description

This exceptional single-tenant office space, totaling 2,664 square feet, is ideally situated in the heart of Charlotte's vibrant Downtown submarket at 428 E 4th St, Charlotte, NC 28202. The property is classified as a Traditional Office space within a larger building, offering a unique opportunity for businesses seeking a prominent location. The entire space is currently vacant, presenting a blank canvas for customization to perfectly suit a new tenant's specific needs and operational requirements. With its central location, this property offers unparalleled access to a wealth of amenities, including restaurants, retail establishments, and public transportation. The address, 428 E 4th St, provides excellent visibility and accessibility for clients and employees alike. This is a for-sale opportunity, perfect for owner-occupiers or investors seeking a strong foothold in Charlotte's thriving commercial real estate market. The property's size makes it suitable for a variety of businesses, from small startups to established companies seeking a strategic downtown presence. The building's classification as "Special Purpose" in addition to "Office" suggests potential for unique uses, subject to city regulations and approvals. This is a rare chance to acquire a fully vacant, single-tenant office space in a highly desirable downtown location. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $123,027

  6.5%

  $113,563

  7%

  $105,451

• Comparable approach

  Method

  Valuation

  Relative Method

  $75,864

  Geo Method

  $75,864

• Alternative Use

  Use

  Valuation

  Residential

  $140,818

  Hospitality

  $128,989

  Educational

  $107,317

  Medical

  $111,008

  Retail

  $166,938

Location Insight

City

Charlotte

County

Mecklenburg

State

North Carolina

Latitude

35.223

Longitude

-80.8406

CBSA code

16740

CBSA name

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

Property Tax & Assessments

FAQs

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