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    NoDa Arts District Property Title is generated by Realmo AI

    2229 N Davidson St, Charlotte, NC

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    Property in the heart of the NoDa Arts District.

    Type:RETAIL
    Property size:
    10,674 SF
    Lot size:
    0.43 Acres
    Price / SF:
    $206/SF
    Added:
    Apr 16, 2025
    Days on Market:
    429
    Last Refresh:
    May 19 at 9:19 pm

    Property Features for 2229 N Davidson St

    General Information

    Standard status
    Active
    Size
    10,674 SF
    Lot size
    0.43 Acres
    Property subtype
    RETAIL

    We can help!

    Listing Contact
    Matthew C. Hagler
    Matthew C. Hagler

    Listing agent Matthew C. Hagler License #206869

    Listing office KW Commercial-Ballantyne

    Listing date Apr 16, 2025

    Source Moodyscre

    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 KW Commercial-Ballantyne

    HighLights

    • Located in the heart of the NoDa Arts District
    • Former iconic NoDa Brewing Company location
    • Spacious outdoor entertainment area perfect for gatherings
    • Adjacent to the Little Sugar Creek Greenway
    • Close proximity to Lynx Blue Line light rail
    • Dynamic area with arts, culture, and entertainment

    Overview

    Located in the heart of the NoDa Arts District, this property offers a unique blend of arts, culture, and entertainment. The area provides an exciting atmosphere for businesses to thrive. The property is located on a hard corner and features a spacious outdoor entertainment area. It is adjacent to the Little Sugar Creek Greenway and in close proximity to light rail. The property was formerly an iconic NoDa Brewing Company. The site has a size of 10674 square feet.

    Local Financial Insights For Retail

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $262.6k $24.60
    − Vacancy −$7.3k −$0.68
    EGI $255.3k $23.92
    − OpEx −$76.6k −$7.18
    NOI $178.7k $16.74
    10,674 SF · lease $24.60/SF/yr · vacancy 2.77% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $2.55M
    $2.23M – $2.98M (±1% cap)
    NOI $178,715 @ 7.0% cap · market cap 8.12%
    Second Best
    Industrial
    $1.56M
    $1.36M – $1.82M (±1% cap)
    NOI $108,984 @ 7.0% cap · market cap 4.95%
    Theoretical Best
    Office A
    $3.55M
    $3.11M – $4.15M (±1% cap)
    NOI $248,812 @ 7.0% cap · market cap 11.31%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    NoDa Brewing Company ... Hotel & Motel International Fiber Professional Services

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Similar Places Nearby

    • Flower shop — 3032 N Davidson St Floor 1, Charlotte, NC 28205
    • Queen City Roses — a, 2103 N Graham St, Charlotte, NC 28206

    Location Insight

    • Map
    • Local Demand
    City
    Charlotte
    County
    Mecklenburg
    State
    North Carolina
    Longitude
    -80.8148
    Latitude
    35.2404

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    FAQs

    What type of property is this?
    Storefront property - Property in the heart of the NoDa Arts District.
    Where is this storefront property located?
    The property is located at 2229 N Davidson St Charlotte, NC.
    What is the asking price?
    The asking price for this property is $2,200,000.
    What are key features of this property?
    This property features: Located in the heart of the NoDa Arts District; Former iconic NoDa Brewing Company location; Spacious outdoor entertainment area perfect for gatherings
    (704) 408-8867 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Matthew C. Hagler
    Matthew C. Hagler
    Real Estate License ID: 206869
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