9620 University City BlvdCharlotte, NC 28213

Property Details for 9620 University City Blvd

Year built

1998

Lot size

3.95 AC

Property size (Sq ft)

39,500 SF

Zone code

B1

Property type

Strip malls

Property subtype

Neighborhood centers

APN

5112104

APU

5112104

Description

University Plaza, a two-building, 39,200 square foot neighborhood retail center in Charlotte, NC's University submarket, offers a prime leasing opportunity. Built in 1999 and renovated in 2015, this Class B property features two stories, 198 parking spaces, and is situated on a 3.95-acre lot at 9620 University City Blvd, near East Mallard Creek Church Road. The available space is an endcap unit on the second floor, ranging from 1,100 to 2,200 contiguous square feet. The property boasts high visibility and prominent signage along University City Boulevard, benefiting from significant traffic counts. Its convenient location offers easy access to major roadways, including I-485 and I-85, ensuring excellent customer accessibility. The zoning is B-1, and the Mecklenburg County APN is 05112104. This is an exceptional opportunity for businesses seeking a well-maintained space in a thriving university area. The property is ideally located near UNCC and within one mile of I-485.

• CAP approach

  CAP return

  Valuation

  6%

  $13,998,072

  6.5%

  $12,921,297

  7%

  $11,998,348

• Comparable approach

  Method

  Valuation

  Relative Method

  $16,856,104

  Geo Method

  $16,856,104

• Alternative Use

  Use

  Valuation

  Residential

  $10,899,598

  Hospitality

  $9,983,973

  Educational

  $8,306,548

  Medical

  $8,592,223

  Retail

  $12,921,297

Location Insight

City

Charlotte

County

Mecklenburg

State

North Carolina

Latitude

35.3069

Longitude

-80.7212

CBSA code

16740

CBSA name

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

Property Tax & Assessments

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