Listed by Legacy Real Estate Advisors
$1,075,000
2604 N. Brevard St & 401 Charles Ave
Details
APN 08306803
Property Type Retail, Office
Sub Type Executive Office, Studio
Cap Rate 7.38%
NOI $92,190
Tenancy Multi
Lease Type NNN
Remaining Term 1
Acreage 0.240
Zoning TOD-UC
Ground Lease No
High visibility retail/office/redevelopment property for sale in NoDa
Marketing description
This premier commercial property, located in the heart of Charlotte's NoDa district, comprises two distinct buildings at 2604 North Brevard and 401 Charles Avenue. Positioned for maximum visibility along the light rail, North Brevard, and the greenway, it is surrounded by high-density apartment communities, ensuring sustained foot traffic and exposure. With its prime location and surroundings, this property presents a valuable opportunity for long-term growth and development.
NoDa is the heart of Charlotte’s vibrant art scene and features
numerous restaurants, boutique retailers and music venues.
Continued institutional investment and light-rail connectivity
has only strengthened this character and expanded NoDa’s
influence to the surrounding areas, especially Sugar Creek
residents.
The Sugar Creek District is Charlotte’s next development
hub, featuring adaptive reuse projects such as The Pass, and
multiple large-scale development opportunities, including the
18.5 Acre Upper NoDa site immediately adjacent. Prominent
local retailers including Soul Gastrolounge, the Charlotte Art
League and The Independent Picture House already call this
neighborhood home, with more announcements on the way
Charlotte’s North Tryon corridor is an example of how private
investment follows public inf rastructure improvements.
The City of Charlotte has identif ied North Tryon as a major
growth opportunity and one of the primary arteries into the
City. Numerous multi-family and adaptive reuse projects
continue to make this an exciting area attracting international
institutional investment.
Listing Contacts
Listed by Legacy Real Estate Advisors
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$92,190.00
$7,682.50/mo
Valuation Metrics
0
DSCR
8.58%
Cap Rate
8.58%
ROI
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