8848 Red Oak BlvdCharlotte, NC 28217

  • Industrial properties
  • 54,285 SF
For Lease
$14.30/SF/YR View listing

Property Details for 8848 Red Oak Blvd

Year built
1984
Lot size
5.10 AC
Property size (Sq ft)
54,285 SF
Zone code
BD
Property type
Industrial properties
APN
16718108
APU
16718108

Description

This exceptional 62,548-square-foot industrial flex space in Charlotte, NC, presents a unique investment opportunity. Situated at 8848 Red Oak Blvd, Ste J, Charlotte, NC 28217, this Class C building boasts a single-tenant occupancy and offers significant advantages. Built in 1984, the property sits on 5.15 acres of land and features a 16-foot ceiling height, ideal for various industrial and flex uses. Seven dock-high doors and one drive-in door ensure efficient loading and unloading, complemented by ample parking for 130 vehicles. The property is zoned I1 and benefits from its strategic location, offering easy access to major transportation arteries: a quarter-mile to I-77, one mile to I-485, and ten miles to I-85. A 5,838-square-foot unit is currently available, featuring a heavy office build-out (removable at the landlord's expense). This unit includes an 18-foot clear height, a sprinkler system, and rear-load dock-high access. The property's attractive two-tone exterior with abundant glass enhances its curb appeal. The landlord is offering aggressive lease rates and flexible lease terms. This property represents a compelling opportunity for businesses seeking a well-located, functional, and adaptable industrial space in a thriving Charlotte market.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $16,024,812
    Hospitality
    $14,678,642
    Educational
    $12,212,458
    Medical
    $12,632,463
    Retail
    $18,997,156
8848 Red Oak Blvd, Charlotte, North Carolina

Location Insight

City
Charlotte
County
Mecklenburg
State
North Carolina
Latitude
35.1416
Longitude
-80.9091
CBSA code
16740
CBSA name
CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$44,958
$1,496,500
$4,632,800
$6,129,300
-
$1,496,500
$4,632,800
$6,129,300

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