10039 University City BlvdCharlotte, NC 28262

Property Details for 10039 University City Blvd

Year built

2006

Lot size

3.39 AC

Property size (Sq ft)

24,329 SF

Zone code

B-1(CD)

Property type

Retail space

APN

5101119

APU

5101119

Description

Highway 49 Plaza, located at 10039 University City Blvd in Charlotte, NC (Mecklenburg County, University submarket, zip code 28262), offers prime retail space in a Class B, single-story building. Currently, 5,297 square feet of vacant space is available, divisible into units ranging from a minimum of 1,322 square feet to a maximum contiguous space of 2,650 square feet. Individual suites are available in sizes of 1,322 sq ft (Suite M), 1,325 sq ft (Suite N), and a combined 2,650 sq ft (Suites O & P). All available suites can be combined to create a total of 5,297 square feet of contiguous space. The property boasts ample surface parking with 96 spots and offers excellent visibility and signage opportunities. The property is zoned B-1 and has a load factor of 10%. The asking rent is $26 per square foot, NNN, with a $3.00 TICAM. Please note that no additional restaurants can be added to this location. The property's proximity to UNC Charlotte and student housing makes it an attractive location for a variety of retail businesses.

• CAP approach

  CAP return

  Valuation

  6%

  $8,621,749

  6.5%

  $7,958,538

  7%

  $7,390,071

• Comparable approach

  Method

  Valuation

  Relative Method

  $10,382,080

  Geo Method

  $10,382,080

• Alternative Use

  Use

  Valuation

  Residential

  $6,713,324

  Hospitality

  $6,149,369

  Educational

  $5,116,203

  Medical

  $5,292,157

  Retail

  $7,958,538

Location Insight

City

Charlotte

County

Mecklenburg

State

North Carolina

Latitude

35.311

Longitude

-80.7162

CBSA code

16740

CBSA name

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

Property Tax & Assessments

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