700 Griffith RdCharlotte, NC 28217

Property Details for 700 Griffith Rd

Year built

1990

Lot size

3.27 AC

Property size (Sq ft)

10,500 SF

Zone code

I-2

Property type

Retail properties

Property subtype

Auto shops

APN

16913101

APU

16913101

Description

This exceptional 10,500-square-foot manufacturing facility, situated on a 3.33-acre lot in Charlotte, NC, presents a compelling investment opportunity. Built in 1990, this single-story building boasts an impressive 18-foot ceiling height, ideal for various industrial applications. The property features eight 14 x 12-foot roll-up doors, ensuring efficient loading and unloading. Its strategic location offers convenient access to I-77, placing it within minutes of major transportation arteries and near the North Carolina/South Carolina border. Zoned ML2 (Manufacturing & Logistics), this property is well-suited for light industrial uses, including manufacturing, warehousing, or distribution operations. The ample lot size provides substantial outdoor storage capacity, further enhancing its versatility and appeal. The property's vacant status allows for immediate occupancy and customization to meet specific business needs. This prime location and functional design make this an exceptional opportunity for businesses seeking a well-equipped industrial space with significant outdoor storage in a thriving Charlotte market. The property's address is 700 Griffith Rd, Charlotte, NC 28217. The APN is 169-131-01.

• CAP approach

  CAP return

  Valuation

  6%

  $5,045,834

  6.5%

  $4,657,694

  7%

  $4,325,001

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,480,736

  Geo Method

  $4,480,736

• Alternative Use

  Use

  Valuation

  Residential

  $3,928,939

  Hospitality

  $3,598,887

  Educational

  $2,994,232

  Medical

  $3,097,208

  Retail

  $4,657,694

Location Insight

City

Charlotte

County

Mecklenburg

State

North Carolina

Latitude

35.16

Longitude

-80.8812

CBSA code

16740

CBSA name

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

Property Tax & Assessments

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