1346 Hill RdCharlotte, NC 28210

Property Details for 1346 Hill Rd

Year built

1983

Lot size

0.53 AC

Property size (Sq ft)

4,523 SF

Zone code

B-2

Property type

Office properties

Property subtype

Office buildings

APN

17320112

APU

17320112

Description

This exceptional 3,813 square foot office building presents a unique investment opportunity in Charlotte, North Carolina. Located at 1346 Hill Rd, this vacant property sits on a half-acre lot (0.5 acres) and offers a blend of creative and traditional office space, perfect for a variety of professional uses. Built in 1983, the building is classified as Class C and boasts a B-2 zoning permit. Its strategic location offers excellent visibility and accessibility, adjacent to South Boulevard, minutes from major highways, and within walking distance of the Charlotte Light Rail. The property is also a short drive to both Charlotte's city center and the SouthPark area. Designed by renowned modernist architect Murray Whisnant, this building has historical significance and requires the purchase of a future preservation easement. While currently leased as a studio space, it's now available for purchase at $1,175,000 ($308.16 per square foot). This represents a compelling opportunity to acquire a well-maintained property in a high-demand area. The property's history and location make it an attractive investment for those seeking a unique and strategically positioned asset in the Charlotte market.

• CAP approach

  CAP return

  Valuation

  6%

  $1,590,824

  6.5%

  $1,468,453

  7%

  $1,363,564

• Comparable approach

  Method

  Valuation

  Relative Method

  $765,925

  Geo Method

  $765,925

• Alternative Use

  Use

  Valuation

  Residential

  $1,820,882

  Hospitality

  $1,667,918

  Educational

  $1,387,688

  Medical

  $1,435,413

  Retail

  $2,158,626

Location Insight

City

Charlotte

County

Mecklenburg

State

North Carolina

Latitude

35.1296

Longitude

-80.8739

CBSA code

16740

CBSA name

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

Property Tax & Assessments

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