2050 Suttle AveCharlotte, NC 28208

Property Details for 2050 Suttle Ave

Year built

1972

Lot size

1.33 AC

Property size (Sq ft)

11,000 SF

Zone code

I-2

Property type

Warehouses

APN

6702150

APU

6702150

Description

This exceptional 11,200-square-foot freestanding warehouse is situated on a 1.328-acre lot in Charlotte, North Carolina. Located at 2050 Suttle Avenue, this property offers a significant opportunity for businesses seeking a versatile industrial space. The building is currently vacant, providing immediate occupancy for the new tenant. The property is zoned ML-2, allowing for a variety of industrial uses. The building's size and layout provide ample space for storage, manufacturing, or distribution operations. Its convenient location offers easy access to major highways and interstates, ensuring efficient transportation and logistics. This is a triple net (NNN) lease opportunity, meaning the tenant is responsible for property taxes, insurance, and maintenance. The property's substantial lot size provides ample room for expansion or additional development, should the need arise. This is a rare opportunity to acquire a well-located, sizable warehouse in a thriving industrial market. The address is 2050 Suttle Ave, Charlotte, NC 28208, within Mecklenburg County. This property is ideal for businesses seeking a strategic location with excellent accessibility.

• CAP approach

  CAP return

  Valuation

  6%

  $5,532,340

  6.5%

  $5,106,780

  7%

  $4,742,010

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,980,380

  Geo Method

  $2,980,380

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $2,655,330

  Mixed-Use / Specialty

  $2,674,700

  Hospitality / Lodging

  $1,999,890

  Office

  $2,688,850

  Institutional / Educational

  $2,790,920

  Residential Income

  $3,265,370

  Multifamily

  $3,756,430

  Automotive / Energy

  $2,392,210

  Parking / Income-Based Land

  $797,031

  Restaurant / Food Service

  $1,452,680

  Healthcare / Senior Housing

  $2,713,280

Location Insight

City

Charlotte

County

Mecklenburg

State

North Carolina

Latitude

35.2257

Longitude

-80.8719

CBSA code

16740

CBSA name

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

Property Tax & Assessments

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