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Mixed-Use Redevelopment Site
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1028 W 5th St, Charlotte, NC 28202

UC-zoned site with a vacant two-suite medical office and adjacent surface parking parcels.

Property SizeContact for details
Days on Market145

Property Features for 1028 W 5th St

General Information

Standard status Active
Property subtype Retail, Mixed Use, Land
Listing Agency: MA Realty
Listed By: Marsha Anderson · License #NC 329159
Source: Crexi
Added: Apr 12 Changed: Aug 30 Last Checked: Aug 30 at 1:57PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of MA Realty

Investment Insights

Based on property information with market context.

The property comprises a vacant, ± 2,997 SF medical office building configured for two suites, formerly occupied by an oral surgeon office and a dental practice. The offering includes the ± 0.26 Acre parcel containing the building, plus two adjoining ± 0.18 Acre parcels used as surface parking lots.

Situated in Charlotte’s Central Business District submarket, the site carries UC (uptown core) zoning and is positioned next to I-77. Public transit is within walking distance, including bus service and the City Lynx Gold Streetcar’s Irwin Ave station. The property is also minutes from the city center and near professional sports arenas, museums, Frazier Park, Irwin Creek Greenway, Johnson & Wales University, and Johnson C. Smith University.

Key Highlights

  • ± 2,997 SF vacant medical office configured as two suites
  • Three parcels totaling ± 0.62 acres, including the building parcel and two adjacent parking parcels
  • UC (uptown core) zoning in the Central Business District submarket

Property Analytics

Current Use

Commercial land

Suggested Use

Top Pick Building Supply Big Box & Wholesale Store Auto Parts Store Veterinary Clinic (Bike/Boat/Book/etc) Store Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,810
Businesses Nearby

Demographics for 28202, NC

16,447
Population
11,490
Households
1.4
Avg Household Size
31
Median Age
64%
College-Educated
95%
High-School Grad
1.8 sq mi
ZIP Area
9,137
Density / Sq Mi
$101,711
Median Household Income
$67,683
Median Earnings
$1,862
Median Rent
$425,900
Median Home Value

Market

Vacancy Rate% for Office in Charlotte, NC

10.2% 2019
13.1% 2020
17.5% 2021
17.7% 2022
22.8% 2023
24.6% 2024
24.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - UC-zoned site with a vacant two-suite medical office and adjacent surface parking parcels.
Where is this mixed-use property located?
The property is located at 1028 W 5th St Charlotte, NC.
What are key features of this property?
This property features: ± 2,997 SF vacant medical office configured as two suites; Three parcels totaling ± 0.62 acres, including the building parcel and two adjacent parking parcels; UC (uptown core) zoning in the Central Business District submarket
More about this property
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