901 Trade StCharlotte, NC 28202

Property Details for 901 Trade St

Year built

1987

Lot size

2.02 AC

Property size (Sq ft)

319,097 SF

Zone code

UMUD

Property type

Office properties

Property subtype

Office buildings

APN

7319302

APU

7319302

Description

Gateway Center offers 159,312 square feet of immediately available Class A executive office space in Charlotte's central business district. This multi-tenant building, totaling 319,097 square feet, boasts flexible floorplates designed to maximize natural light and allow for efficient layouts, catering to diverse business needs. Suites range from a minimum of 2,887 square feet to a maximum contiguous space of 39,828 square feet, accommodating businesses of various sizes. Built in 1987, the building has earned Energy Star recognition in 2014, 2016, and 2017, showcasing its commitment to energy efficiency. Its prime location provides convenient access to Interstate 77 and Interstate 277 (less than five minutes away), enhancing commuting ease. The surrounding area offers a vibrant mix of amenities, including eight restaurants within a three-block radius (featuring Starbucks and three pubs), and nine multi-family complexes/apartment units within the same proximity. Furthermore, Gateway Center benefits from direct access to the Lynx Gold Line, providing excellent public transportation connectivity. The building features a total of 172 parking spaces, with a ratio of 0.55 spaces per 1,000 square feet. This exceptional property presents a unique opportunity for businesses seeking a prestigious and well-connected office space in the heart of Charlotte. The building consists of four total suites.

• CAP approach

  CAP return

  Valuation

  6%

  $87,628,264

  6.5%

  $80,887,632

  7%

  $75,109,944

• Comparable approach

  Method

  Valuation

  Relative Method

  $54,035,884

  Geo Method

  $54,035,884

• Alternative Use

  Use

  Valuation

  Residential

  $100,300,656

  Hospitality

  $91,874,864

  Educational

  $76,438,808

  Medical

  $79,067,656

  Retail

  $118,904,816

Location Insight

City

Charlotte

County

Mecklenburg

State

North Carolina

Latitude

35.2339

Longitude

-80.852

CBSA code

16740

CBSA name

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

Property Tax & Assessments

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