1500 4Th StCharlotte, NC 28204

Property Details for 1500 4Th St

Year built

1979

Lot size

0.27 AC

Property size (Sq ft)

2,567 SF

Zone code

B-2

Property type

Office buildings

APN

12511210

APU

12511210

Description

This exceptional 2,385 square foot office building presents a unique investment opportunity in a highly desirable Midtown location. Situated on a 0.264-acre corner lot, this single-tenant property boasts a newly remodeled interior, perfect for a variety of uses, including law offices or a coffee shop. The space features two executive offices, two private offices, a large conference room, two open work areas, four restrooms, and two breakrooms. The building is conveniently located near courthouses, Novant Hospital, Central Piedmont Community College (CPCC), and the vibrant Midtown, Southend, and Uptown areas. Ample, newly paved parking is available with 15+1 spaces. The property is zoned General Commercial (CG), offering flexibility for various business types. The building's total square footage is 2,385 square feet, with all of it currently vacant. Utilities are serviced by Duke Energy. Property taxes are $3.85 per square foot. The cross street is N. Torrence, and the property is located in Mecklenburg County. This is a turnkey opportunity to acquire a well-maintained, conveniently located office building with significant potential.

• CAP approach

  CAP return

  Valuation

  6%

  $847,570

  6.5%

  $782,372

  7%

  $726,489

• Comparable approach

  Method

  Valuation

  Relative Method

  $434,696

  Geo Method

  $434,696

• Alternative Use

  Use

  Valuation

  Residential

  $970,142

  Hospitality

  $888,645

  Educational

  $739,342

  Medical

  $764,769

  Retail

  $1,150,087

Location Insight

City

Charlotte

County

Mecklenburg

State

North Carolina

Latitude

35.2135

Longitude

-80.829

CBSA code

16740

CBSA name

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

Property Tax & Assessments

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