1718 4Th StCharlotte, NC 28204

Property Details for 1718 4Th St

Year built

1989

Lot size

0.00 AC

Property size (Sq ft)

155,502 SF

Zone code

MUDD-O

Property type

Medical offices

Property subtype

Medical centers

APN

15501324

APU

15501324

Description

Presbyterian Plaza Tower offers 2,626 square feet of fully vacant medical office space, ideally situated within the vibrant Midtown Medical Campus in Mecklenburg County. This multi-tenant building provides 12 available suites, ranging in size from a minimum of 278 square feet to a maximum contiguous space of 2,626 square feet. The property boasts convenient access via an attached parking deck, eliminating parking hassles for both staff and patients. Seamless connectivity to adjacent medical office buildings is ensured through the use of Sky Bridges, fostering collaboration and ease of access. The building's prime location offers direct access to Novant Health Presbyterian Medical Center, a significant advantage for medical professionals. Tenant and visitor convenience is further enhanced by an on-site cafe located on the third floor. Finally, dedicated on-site building management ensures a well-maintained and efficient environment, providing peace of mind and a professional atmosphere for your medical practice. This is a rare opportunity to secure a substantial, fully vacant medical office space in a highly desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $51,343,528

  6.5%

  $47,394,024

  7%

  $44,008,736

• Comparable approach

  Method

  Valuation

  Relative Method

  $26,332,708

  Geo Method

  $26,332,708

• Alternative Use

  Use

  Valuation

  Residential

  $58,768,592

  Hospitality

  $53,831,712

  Educational

  $44,787,356

  Medical

  $46,327,660

  Retail

  $69,669,216

Location Insight

City

Charlotte

County

Mecklenburg

State

North Carolina

Latitude

35.211

Longitude

-80.8259

CBSA code

16740

CBSA name

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

Property Tax & Assessments

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