2801 Independence BlvdCharlotte, NC 28205

Property Details for 2801 Independence Blvd

Year built

1957

Lot size

2.54 AC

Property size (Sq ft)

12,892 SF

Zone code

B2

Property type

Retail properties

Property subtype

Retail space

APN

12910101

APU

12910101

Description

LABCITY, a premier recreation and sports arena in Mecklenburg County, offers an exceptional opportunity for expansion or new tenancy. This special purpose property boasts a total building area of 36,000 square feet, currently featuring multiple tenants. A significant portion of the building, totaling 13,000 square feet, is immediately available for lease. This presents a unique chance to establish a presence within a thriving entertainment complex. The existing infrastructure is well-suited for a variety of uses within the recreation and sports sector, offering ample space for customization to meet specific business needs. The property's location within Mecklenburg County ensures high visibility and accessibility, benefiting from established transportation networks and a strong local community. This is an ideal investment for businesses seeking to capitalize on the growing demand for recreational and sporting facilities in a dynamic market. The substantial available space allows for significant expansion or the creation of a completely new venture within the existing arena complex. Serious inquiries are encouraged to explore the possibilities and secure this prime location. Detailed specifications and lease terms are available upon request. Don't miss this rare opportunity to acquire a significant footprint in a high-traffic, established recreational venue.

• CAP approach

  CAP return

  Valuation

  6%

  $5,106,556

  6.5%

  $4,713,744

  7%

  $4,377,048

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,501,491

  Geo Method

  $5,501,491

• Alternative Use

  Use

  Valuation

  Residential

  $3,976,219

  Hospitality

  $3,642,195

  Educational

  $3,030,264

  Medical

  $3,134,479

  Retail

  $4,713,744

Location Insight

City

Charlotte

County

Mecklenburg

State

North Carolina

Latitude

35.206

Longitude

-80.7932

CBSA code

16740

CBSA name

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

Property Tax & Assessments

FAQs

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