4530 Park RdCharlotte, NC 28209

Property Details for 4530 Park Rd

Year built

1970

Lot size

2.58 AC

Property size (Sq ft)

66,640 SF

Zone code

O-2

Property type

Office buildings

APN

17108119

APU

17108119

Description

This exceptional Class B office building, Parkwood, located at 4530 Park Rd, Charlotte, NC 28209, offers a total of 62,548 square feet across four stories. The building features one structure with convenient elevator access. Multiple tenancy options are available, ranging from 519 square feet to a maximum contiguous space of 11,244 square feet, providing flexibility for businesses of various sizes. Situated in Mecklenburg County, near the intersection of Park Road and Abbey Place, this property boasts a prime location with excellent access to both Uptown Charlotte and SouthPark. The building offers convenient surface parking, a significant advantage in this area. Furthermore, its location provides easy access to a wide array of amenities, including numerous restaurants, banks, and shopping options, all within walking distance. This makes Parkwood an ideal location for businesses seeking a convenient and well-connected office space in a thriving Charlotte neighborhood. The building's address is 4530 Park Road.

• CAP approach

  CAP return

  Valuation

  6%

  $23,438,544

  6.5%

  $21,635,580

  7%

  $20,090,182

• Comparable approach

  Method

  Valuation

  Relative Method

  $11,284,818

  Geo Method

  $11,284,818

• Alternative Use

  Use

  Valuation

  Residential

  $26,828,120

  Hospitality

  $24,574,412

  Educational

  $20,445,622

  Medical

  $21,148,780

  Retail

  $31,804,302

Location Insight

City

Charlotte

County

Mecklenburg

State

North Carolina

Latitude

35.1692

Longitude

-80.8515

CBSA code

16740

CBSA name

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

Property Tax & Assessments

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