129 Dupree StCharlotte, NC 28208

Property Details for 129 Dupree St

Year built

1985

Lot size

8.19 AC

Property size (Sq ft)

62,952 SF

Zone code

I-1

Property type

Warehouses

APN

6514359

APU

6514359

Description

This exceptional 62,990-square-foot industrial warehouse presents a significant lease opportunity in Charlotte, North Carolina. Situated on 8.1 acres at 129 Dupree St, 28208, this Class B property boasts convenient access to I-85, placing it within easy reach of uptown Charlotte and the airport. Built in 1985, the single-story building features a spacious layout with ceiling heights ranging from 23'6" to 27'5", ideal for various industrial uses. Ten loading docks, one drive-in door, and ample parking (20 spaces) enhance operational efficiency. The property includes 400-480 3-phase power. Currently fully vacant, this warehouse offers significant potential for businesses seeking a strategic location with excellent highway access. The I2 zoning designation further broadens its potential uses. The property benefits from its location in an opportunity zone and high daily traffic counts (average 124,000 drivers). While there is no elevator, the building does include office space and an upstairs mezzanine area offering additional storage or office space.

• CAP approach

  CAP return

  Valuation

  6%

  $31,661,100

  6.5%

  $29,225,600

  7%

  $27,138,100

• Comparable approach

  Method

  Valuation

  Relative Method

  $17,056,500

  Geo Method

  $17,056,500

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $15,196,200

  Mixed-Use / Specialty

  $15,307,100

  Hospitality / Lodging

  $11,445,200

  Office

  $15,388,000

  Institutional / Educational

  $15,972,200

  Residential Income

  $18,687,400

  Multifamily

  $21,497,700

  Automotive / Energy

  $13,690,400

  Parking / Income-Based Land

  $4,561,340

  Restaurant / Food Service

  $8,313,560

  Healthcare / Senior Housing

  $15,527,900

Location Insight

City

Charlotte

County

Mecklenburg

State

North Carolina

Latitude

35.2575

Longitude

-80.882

CBSA code

16740

CBSA name

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

Property Tax & Assessments

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