Urban Infill Commercial
1414-1416 W Trade Street, Charlotte, NC 28212
For Sale
Contact for pricing
Rezoned TOD-NC site includes an existing commercial building and supports mixed-use development.
Property Size5,095 SF
Price / SF$451.42
Days on Market115
Property Features for 1414-1416 W Trade Street
General Information
Standard status
Size
Class
Property subtype
Zoning
Investment Type
Site & Location
Neighborhood
Building Details
Year Built
Buildings
Stories
Units
Listing Agency:
NewLeaf Commercial Real Estate, LLC
Listed By:
Morgan Hamer · License NC #297378
(919) 356-3453
Source:
Crexi
Added: Jul 24
Changed: Nov 14
Last Checked: Nov 14 at 2:19AM
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 NewLeaf Commercial Real Estate, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This ±0.451-acre commercial land parcel includes an existing approximately 5,095-square-foot commercial building constructed in 1984. The site has been rezoned to TOD-NC, supporting higher-density mixed-use development with multifamily, retail, office, and restaurant uses. A prior development concept contemplated apartments over a two-level parking garage, while the property’s stated highest and best use is multifamily development with potential complementary commercial space.
The property is located at 1414-1416 W Trade Street in Charlotte, approximately 500 feet from the Wesley Heights CityLYNX Gold Line station. It offers access to West Trade Street and I-77 and is positioned immediately west of Uptown Charlotte. The surrounding context includes historic Biddleville, Wesley Heights, Bank of America Stadium, Truist Field, Johnson C. Smith University, and Uptown restaurants, hotels, offices, entertainment venues, and retail.
The property is located at 1414-1416 W Trade Street in Charlotte, approximately 500 feet from the Wesley Heights CityLYNX Gold Line station. It offers access to West Trade Street and I-77 and is positioned immediately west of Uptown Charlotte. The surrounding context includes historic Biddleville, Wesley Heights, Bank of America Stadium, Truist Field, Johnson C. Smith University, and Uptown restaurants, hotels, offices, entertainment venues, and retail.
Key Highlights
- ±0.451‑acre commercial land parcel with an existing building
- Existing commercial building contains approximately 5,095 square feet
- TOD‑NC zoning supports multifamily, retail, office, and restaurant uses
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$85,306
Cap Rate
3.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,706,120
$1.7M
Cap Rate 7%
$1,218,657
$1.2M
Cap Rate 9%
$947,844
$947.8K
Market Conditions
NOI Build-Up for 5,095 SF
Gross rent
$125.3K $24.60/SF
− Vacancy
−$3.5K −$0.68/SF
EGI
$121.9K $23.92/SF
− OpEx
−$36.6K −$7.18/SF
NOI
$85.3K $16.74/SF
Area
Charlotte, NC
Vacancy
2.77%
Lease Rate
$24.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,706,120
Cap Rate 7%
$1,218,657
Cap Rate 9%
$947,844
Alternative Uses
Best Use
Retail
$1.22M
$1.07M – $1.42M
NOI $85,306 @ 7.0% cap · market cap 3.71%
Second Best
Mixed Use
$1.08M
$945.8K – $1.26M
NOI $75,661 @ 7.0% cap · market cap 3.29%
Theoretical Best
Office A
$1.70M
$1.48M – $1.98M
NOI $118,765 @ 7.0% cap · market cap 5.16%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,565
Businesses Nearby
31k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 69%
Shops & Services 31%
Bojangles' Famous Chicken 'n Biscuits
Dining
14,243 visits/mo
0.1 miles
Dollar Tree
Shops & Services
9,413 visits/mo
0.3 miles
Church's Chicken
Dining
3,769 visits/mo
0.4 miles
Jet's Pizza
Dining
2,204 visits/mo
0.4 miles
SUBWAY
Dining
987 visits/mo
0.5 miles
Demographics for 28212, NC
41,009
Population
17,417
Households
2.4
Avg Household Size
33
Median Age
24%
College-Educated
78%
High-School Grad
9.2 sq mi
ZIP Area
4,458
Density / Sq Mi
$51,530
Median Household Income
$35,596
Median Earnings
$1,274
Median Rent
$236,300
Median Home Value
Market
Properties on Market for Commercial land in Charlotte
Vacancy Rate% for Retail in Charlotte, NC
Frequently Asked Questions
What type of property is this?
Commercial land - Rezoned TOD-NC site includes an existing commercial building and supports mixed-use development.
Where is this commercial land located?
The property is located at 1414-1416 W Trade Street Charlotte, NC.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: ±0.451‑acre commercial land parcel with an existing building; Existing commercial building contains approximately 5,095 square feet; TOD‑NC zoning supports multifamily, retail, office, and restaurant uses
