Historic Mixed-Use Buildings with Hardwood
For Sale
$1,695,000
2213-2219 Park Road 27/28, Charlotte, NC 28203
Two adaptable commercial buildings retain grandfathered multifamily use and original hardwood interiors in Charlotte’s Dilworth neighborhood.
Property Size4,073 SF
Price / SF$416.16
Days on Market27
Property Features for 2213-2219 Park Road 27/28
General Information
Standard status
Active
Size
4,073 SF
Property subtype
Multi-Family
Amenities
original hardwood flooring
Building Details
Year Built
1945
Buildings
2
Listing Agency:
Geoff Campbell Realty Inc
Listed By:
Josh Campbell · License #290560
(704) 621-9092
Source:
Highperformancerea
Added: Sep 13
Changed: Oct 2
Last Checked: Oct 7 at 4:32PM
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 Geoff Campbell Realty Inc
Investment Insights
Based on property information with market context.
This 4,073-square-foot mixed-use property includes two commercial buildings constructed in 1945. The interiors retain original hardwood flooring, providing a character-rich setting distinct from conventional office space. Grandfathered multifamily use adds flexibility to the property’s existing commercial configuration.
Located on Park Road in Charlotte’s Historic Dilworth neighborhood, the property is positioned within an urban commercial corridor. The buildings are described as adaptable for office, boutique retail, wellness, creative studio, and professional service occupancy, subject to applicable requirements. Their original residential layouts can support a range of commercial configurations while preserving the architectural character of the improvements.
Located on Park Road in Charlotte’s Historic Dilworth neighborhood, the property is positioned within an urban commercial corridor. The buildings are described as adaptable for office, boutique retail, wellness, creative studio, and professional service occupancy, subject to applicable requirements. Their original residential layouts can support a range of commercial configurations while preserving the architectural character of the improvements.
Key Highlights
- 4,073 square feet across two commercial buildings
- Constructed in 1945
- Grandfathered multifamily use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$62,903
Cap Rate
3.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,258,060
$1.3M
Cap Rate 7%
$898,614
$898.6K
Cap Rate 9%
$698,922
$698.9K
Market Conditions
NOI Build-Up for 4,073 SF
Gross rent
$101.7K $24.96/SF
− Vacancy
−$17.8K −$4.37/SF
EGI
$83.9K $20.59/SF
− OpEx
−$21.0K −$5.15/SF
NOI
$62.9K $15.44/SF
Area
Charlotte, NC
Vacancy
17.50%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,258,060
Cap Rate 7%
$898,614
Cap Rate 9%
$698,922
Alternative Uses
Best Use
Office B
$898.6K
$786.3K – $1.05M
NOI $62,903 @ 7.0% cap · market cap 3.71%
Second Best
Mixed Use
$864.1K
$756.1K – $1.01M
NOI $60,484 @ 7.0% cap · market cap 3.57%
Theoretical Best
Office A
$1.36M
$1.19M – $1.58M
NOI $94,942 @ 7.0% cap · market cap 5.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,297
Businesses Nearby
Explore this area
Business Placement
Demographics for 28203, NC
18,572
Population
11,641
Households
1.6
Avg Household Size
30
Median Age
80%
College-Educated
98%
High-School Grad
3.1 sq mi
ZIP Area
5,991
Density / Sq Mi
$103,860
Median Household Income
$73,695
Median Earnings
$1,829
Median Rent
$708,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Charlotte, NC
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two adaptable commercial buildings retain grandfathered multifamily use and original hardwood interiors in Charlotte’s Dilworth neighborhood.
Where is this mixed-use property located?
The property is located at 2213-2219 Park Road 27/28 Charlotte, NC.
What is the asking price?
The asking price for this property is $1,695,000.
What are key features of this property?
This property features: 4,073 square feet across two commercial buildings; Constructed in 1945; Grandfathered multifamily use
