101 Mcdowell StCharlotte, NC 28204

Property Details for 101 Mcdowell St

Year built

1974

Lot size

0.75 AC

Property size (Sq ft)

118,712 SF

Zone code

UMUD

Property type

Parking lots & garages

APN

12504301

APU

12504301

Description

This exceptional 1,172-square-foot office condo is ideally situated in Charlotte's vibrant Uptown CBD submarket at 101 N McDowell St, zip code 28204. Located on the first floor, this corner unit offers a highly efficient layout perfect for professional services. The space boasts three private offices, a conference room (easily convertible to a fourth office), a restroom, a breakroom, and a reception area. Modern amenities include an updated thermostat, Cat5 wiring, and an ADT security system. The unit comes with three dedicated parking spaces in a building with a total of 60 spaces, with additional parking readily available nearby at 810 E 5th Street. The building itself, constructed in 1982, is a two-story structure with a 11-foot ceiling height, situated on 1.23 acres of land. Its UC zoning designation reflects its prime location within the Uptown core. This move-in ready space offers unparalleled convenience, with easy access to public transportation, a wealth of Uptown amenities, and a variety of restaurants. The property's APN is 08009808. The total building square footage is 31,500 square feet, with a minimum divisible space of 1,172 square feet and a maximum contiguous space of 1,172 square feet. This is a single-tenancy unit.

• CAP approach

  CAP return

  Valuation

  6%

  $57,618,464

  6.5%

  $53,186,276

  7%

  $49,387,256

• Comparable approach

  Method

  Valuation

  Relative Method

  $50,658,780

  Geo Method

  $50,658,780

• Alternative Use

  Use

  Valuation

  Residential

  $44,864,612

  Hospitality

  $41,095,744

  Educational

  $34,191,176

  Medical

  $35,367,064

  Retail

  $53,186,276

Location Insight

City

Charlotte

County

Mecklenburg

State

North Carolina

Latitude

35.2198

Longitude

-80.8352

CBSA code

16740

CBSA name

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

Property Tax & Assessments

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