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    528 Charles St Matthews, NC 28105

    Sponsored
    For Sale
    $1,600,000

    High-Cashflow Warehouse, Prime Location

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional 8,000+ square foot warehouse in vibrant Downtown Matthews, NC presents a lucrative business opportunity. Situated on a 1.3-acre lot, this property boasts 17-foot ceilings and is currently generating income from five rental units used for automotive and outdoor storage. The warehouse features upgraded LED lighting throughout, ample parking, and a recently updated two-phase electrical system. Each office is equipped with tankless water heaters and central air conditioning, ensuring both efficiency and comfort. Its strategic location provides easy access to I-485, and is surrounded by a thriving mix of restaurants, retail establishments, and other businesses. The R-9 zoning allows for a variety of uses, and the current automotive use is grandfathered by the Town of Matthews, provided any future use remains similar. This property represents a significant long-term investment potential due to its prime location, existing cash flow, and versatile zoning. The substantial building size and high ceilings offer significant flexibility for a wide range of business ventures. The property's excellent condition and recent upgrades minimize immediate capital expenditure needs, allowing for a swift return on investment. Don't miss this rare chance to acquire a thriving business and prime real estate in the heart of Matthews. The asking price is $1,600,000.

    Property Features for 528 Charles St

    General Information

    Property type
    Investment properties
    Lot Size
    56,628 SF

    Building Details

    Year Built
    1965
    Property Profile Location Intelligence

    Current Use by Public Records

    BB AUTO Car Repair And Maintenance Service DELSOL AUTO PARTS Car Repair And Maintenance Service 123 Auto Repair Auto Repair Shop Alpina Direct Buy Auto Parts Market

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Matthews
    County
    Mecklenburg
    State
    North Carolina
    Longitude
    -80.71544
    Latitude
    35.11267

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      Matthews Warehouse: Prime Investment

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      528 Charles St, Matthews, NC 28105
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    FAQs

    What type of property is this?
    Investment property - High-Cashflow Warehouse, Prime Location
    Where is this investment property located?
    The property is located at 528 Charles St Matthews, NC.
    What is the asking price?
    The asking price for this property is $1,600,000.
    (704) 989-7411
    Request Owner's contact information
    528 Charles St Matthews, NC 28105
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    Matthews, NC 28105
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    528 Charles St Matthews, NC 28105
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