129 Trade StCharlotte, NC 28202

Property Details for 129 Trade St

Year built

1957

Lot size

0.43 AC

Property size (Sq ft)

189,441 SF

Zone code

UMUD

Property type

Office properties

Property subtype

Office buildings

APN

7301101

APU

7301101

Description

Trade West, located at 129 W Trade St in the heart of downtown Charlotte, NC, offers exceptional executive office space within a 15-story, Class A building. This 153,514 square foot property, built in 1957, boasts a prime location across from the Grand Bohemian Hotel and Starbucks, providing unparalleled access to Charlotte's vibrant retail, dining, and entertainment scene. The building features multiple tenancies, with 8 suites available, ranging from a minimum of 1,220 square feet to a maximum contiguous space of 16,889 square feet. Currently, 57,129 square feet of space is vacant, presenting a significant opportunity for businesses seeking flexible and prestigious office accommodations. The building's convenient location in the Downtown submarket of Mecklenburg County (zip code 28202) ensures easy access to major transportation routes and amenities. On-site amenities include two restaurants, The King's Kitchen and Spoons, managed by a responsive on-site property management team dedicated to providing high-quality service. This property is ideal for businesses seeking a sophisticated and well-connected address in the dynamic Charlotte market. The building's strategic location and modern amenities make it an exceptional investment opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $52,023,008

  6.5%

  $48,021,240

  7%

  $44,591,152

• Comparable approach

  Method

  Valuation

  Relative Method

  $32,079,938

  Geo Method

  $32,079,938

• Alternative Use

  Use

  Valuation

  Residential

  $59,546,336

  Hospitality

  $54,544,124

  Educational

  $45,380,072

  Medical

  $46,940,760

  Retail

  $70,591,224

Location Insight

City

Charlotte

County

Mecklenburg

State

North Carolina

Latitude

35.2278

Longitude

-80.8443

CBSA code

16740

CBSA name

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

Property Tax & Assessments

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