Back to Search

Downtown Matthews Warehouse Opportunity

528 Charles Street, Matthews, NC 28105

View on Map

For Sale

$1,400,000

8,000+ sqft warehouse in prime downtown location.

Type:Commercial/Industrial

Property size:

8,000 SF

Price / SF:

$175/SF

HighLights

Prime location in Downtown Matthews with easy access to I‑485, restaurants, retail, and offices.
Over 8,000 square feet warehouse with 17ft ceilings.
Zoned R‑9 with grandfathering clause for similar automotive/commercial uses.
Updated 2 Phase electrical throughout.
Upgraded LED lighting throughout.
Tankless water heaters and Central AC in each office.

We can help!

Listing Contact

Christina Chubachuk

For Sale

$1,400,000

8,000+ sqft warehouse in prime downtown location.

Type:Commercial/Industrial

Property size:

8,000 SF

Price / SF:

$175/SF

Added:: Apr 10, 2024
Days on Market:: 794
Last Refresh:: May 19 at 8:51 pm

Property Features for 528 Charles Street

General Information

Standard status: Active
Size: 8,000 SF
Property subtype: Commercial/Industrial

Building Details

Year Built: 1965

We can help!

Listing Contact

Christina Chubachuk

Listing agent Christina Chubachuk License #298890

Listing office COMPASS

Listing date Apr 10, 2024

Source Exitrealty

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 COMPASS

HighLights

Prime location in Downtown Matthews with easy access to I‑485, restaurants, retail, and offices.
Over 8,000 square feet warehouse with 17ft ceilings.
Zoned R‑9 with grandfathering clause for similar automotive/commercial uses.
Updated 2 Phase electrical throughout.
Upgraded LED lighting throughout.
Tankless water heaters and Central AC in each office.

Overview

Located in Downtown Matthews, this property offers over 8,000 square feet of warehouse space with ceilings exceeding 17 feet. The property is currently suitable for automotive or other commercial uses, subject to verification with Matthews Zoning. Upgraded LED lighting is installed throughout the warehouse. The electrical system has been updated with 2-phase power. Tankless water heaters and central air conditioning are present in each office. The property benefits from ample parking and convenient access to I-485, restaurants, retail establishments, and offices. Zoned R-9, the current automotive use may be grandfathered by the Town of Matthews, provided the future use is similar. This property is positioned as a potential long-term investment.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$144.0k	$18.00
− Vacancy	−$4.0k	−$0.50
EGI	$140.0k	$17.50
− OpEx	−$42.0k	−$5.25
NOI	$98.0k	$12.25

8,000 SF · lease $18.00/SF/yr · vacancy 2.80% · expense 30.00%

Alternative Uses

Best Use

Retail

$1.40M

$1.22M – $1.63M (±1% cap)

NOI $97,978 @ 7.0% cap · market cap 7.00%

Second Best

Warehouse

$778.1K

$680.9K – $907.8K (±1% cap)

NOI $54,468 @ 7.0% cap · market cap 3.89%

Theoretical Best

Office A

$2.59M

$2.26M – $3.02M (±1% cap)

NOI $180,952 @ 7.0% cap · market cap 12.93%

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

Property Profile Location Intelligence

Current Use by Public Records

BB AUTO Auto Repair Shop DELSOL AUTO PARTS Auto Repair Shop 123 Auto Repair Auto Repair Shop Alpina Direct Buy Auto Parts Store

Suggested Use

Similar Places Nearby

Williams Business Properties — 624 Matthews-Mint Hill Rd #101, Matthews, NC 28105
SecurCare Self Storage — 720 Matthews-Mint Hill Rd, Matthews, NC 28105
Public Storage — 801 Matthews Township Pkwy, Matthews, NC 28105
Williams Business Properties — 662 Matthews-Mint Hill Rd, Matthews, NC 28105
The Frollo Self Storage Matthews NC — 117 sadie dr, matthews, nc 28105

Location Insight

Map
Local Demand

City: Matthews
County: Mecklenburg
State: North Carolina
Longitude: -80.7155
Latitude: 35.1127

Nearby Similar for Sale

$350,000

Retail Property in Stallings, NC

Move-in-ready retail property with renovated interior on 0.14 acres.

4620 Potter Road, Matthews, NC 28104

View Details
$4,000,000

25,000 SF

Two Matthews Warehouses For Sale

Two warehouses totaling just under 25,000 SF on 2.36 acres.

1201/1237 Industrial Drive Matthews, NC 28105

View Details
$1,075,000

2,853 SF

Matthews Office Park Opportunity

Office space in a thriving Charlotte suburb, ideal for medical.

1348 Matthews Township Pkwy, Matthews, NC 28105

View Details
$4,960,000

40,000 SF

Retail Investment Opportunity in Matthews

Retail property with long-term tenant in prime Matthews location.

1016 Devore Ln, Matthews, NC 28105

View Details
$365,000

915 SF

Office Space in Matthews

Office property for sale in Matthews, North Carolina.

212 W Matthews St, Matthews, NC

View Details
$3,120,107

10,856 SF

CVS Pharmacy NNN Investment Opportunity

NNN leased CVS Pharmacy in Matthews, North Carolina for sale.

14600 Lawyers Rd, Matthews, NC 28104

View Details
$1,115,730

Office Property For Sale

Office property available for purchase with a 6.50% CAP.

1230 Mann Drive, Matthews, NC 28105-5535

View Details
$677,250

Matthews Specialty Property For Sale

Specialty property available in Matthews, North Carolina.

1912 E John Street, Matthews, NC 28105

View Details
$1,400,000

8,023 SF

Downtown Matthews Warehouse Opportunity

8,000+ sqft warehouse in prime downtown location.

528 E Charles St, Matthews, NC 28105

View Details

For sale
Warehouses
NC
Matthews
28105
528 Charles Street

What type of property is this?

Warehouse - 8,000+ sqft warehouse in prime downtown location.

Where is this warehouse located?

The property is located at 528 Charles Street Matthews, NC.

What is the asking price?

The asking price for this property is $1,400,000.

What are key features of this property?

This property features: Prime location in Downtown Matthews with easy access to I‑485, restaurants, retail, and offices.; Over 8,000 square feet warehouse with **17ft ceilings**.; Zoned R‑9 with grandfathering clause for similar automotive/commercial uses.