350 Sugar Creek RdCharlotte, NC 28213

Property Details for 350 Sugar Creek Rd

Year built

1973

Lot size

0.70 AC

Property size (Sq ft)

4,942 SF

Zone code

TOD-CC

Property type

Turn key restaurants

APN

9108107

APU

9108107

Description

This exceptional 0.71-acre corner parcel in Charlotte, NC, presents a unique redevelopment opportunity. Currently housing a 4,942 square foot Starbucks, this Class C property at 350 E Sugar Creek Rd (APN 09108107) offers significant potential for QSR or restaurant investors. The site boasts 52 parking spaces and benefits from a high-traffic location with 17,500 vehicles passing daily. Its strategic position is further enhanced by its adjacency to future developments and a high population density within a 1-3-5 mile radius. The property is zoned for commercial use and presents a compelling investment opportunity for those seeking a prime location in a rapidly growing area. The existing building provides a solid foundation for redevelopment, allowing for a seamless transition into a new concept. This is an ideal location for a quick-service restaurant or similar retail establishment looking to capitalize on the area's strong demographics and high traffic volume. The 0.71-acre lot size provides ample space for expansion or additional development. This is a rare chance to acquire a well-located property with significant upside potential in a thriving Charlotte neighborhood.

• CAP approach

  CAP return

  Valuation

  6%

  $1,903,116

  6.5%

  $1,756,722

  7%

  $1,631,242

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,108,933

  Geo Method

  $2,108,933

• Alternative Use

  Use

  Valuation

  Residential

  $1,481,861

  Hospitality

  $1,357,377

  Educational

  $1,129,322

  Medical

  $1,168,161

  Retail

  $1,756,722

Location Insight

City

Charlotte

County

Mecklenburg

State

North Carolina

Latitude

35.2547

Longitude

-80.7938

CBSA code

16740

CBSA name

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

Property Tax & Assessments

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