8020 Tower Point DrCharlotte, NC 28227

Property Details for 8020 Tower Point Dr

Year built

1998

Lot size

1.23 AC

Property size (Sq ft)

9,632 SF

Zone code

I-1

Property type

Office buildings

APN

19308139

APU

19308139

Description

This ±10,120 square-foot industrial building in Charlotte, NC, offers a versatile space ideal for distribution, flex, or warehouse operations. Located at 8020 Tower Point Dr, in Mecklenburg County, zip code 28227, this single-building property features approximately 8,000 square feet of office space, enhancing its functionality. The building boasts a desirable 18-foot ceiling height, providing ample vertical space for storage or operations. Loading capabilities include two loading docks, one 8' x 10' dock-high door, and one 12' x 12' drive-in door, ensuring efficient goods movement. The property is zoned ML-1 and benefits from a convenient location, approximately 9.3 miles from Charlotte Douglas International Airport and 11.1 miles from Charlotte's Central Business District, offering easy access to major transportation routes and key business areas. The current lease with McKim & Creed expires 2/28/2027. Contact for pricing and further details.

• CAP approach

  CAP return

  Valuation

  6%

  $2,721,556

  6.5%

  $2,512,206

  7%

  $2,332,762

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,631,083

  Geo Method

  $1,631,083

• Alternative Use

  Use

  Valuation

  Residential

  $3,115,135

  Hospitality

  $2,853,447

  Educational

  $2,374,034

  Medical

  $2,455,681

  Retail

  $3,692,942

Location Insight

City

Charlotte

County

Mecklenburg

State

North Carolina

Latitude

35.1469

Longitude

-80.7378

CBSA code

16740

CBSA name

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

Property Tax & Assessments

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