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East Charlotte Investment Opportunity

1628 Eastway Drive, Charlotte, NC 28205

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For Sale

$325,000

Duplex zoned for office use with investment and business potential.

Type:Commercial

Property size:

1,293 SF

Price / SF:

$251/SF

HighLights

Zoned O‑1(CD) for office use, offering flexibility.
Currently configured as a duplex, providing immediate income potential.
Convertible to a single‑family home, appealing to traditional buyers.
Ample parking available in both the front and rear.
Investment opportunity to add value through repairs and customization.
Located in East Charlotte.

We can help!

Listing Contact

MICHELLE PENTECOST

For Sale

$325,000

Duplex zoned for office use with investment and business potential.

Type:Commercial

Property size:

1,293 SF

Price / SF:

$251/SF

Added:: Feb 13, 2026
Days on Market:: 115
Last Refresh:: May 10 at 10:55 pm

Property Features for 1628 Eastway Drive

General Information

Standard status: Active
Size: 1,293 SF
Property subtype: Commercial

Building Details

Year Built: 1963

We can help!

Listing Contact

MICHELLE PENTECOST

Listing agent MICHELLE PENTECOST License #257416

Listing office POLLINATOR PROPERTIES LLC

Listing date Feb 13, 2026

Source Corcoran

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 POLLINATOR PROPERTIES LLC

HighLights

Zoned O‑1(CD) for office use, offering flexibility.
Currently configured as a duplex, providing immediate income potential.
Convertible to a single‑family home, appealing to traditional buyers.
Ample parking available in both the front and rear.
Investment opportunity to add value through repairs and customization.
Located in East Charlotte.

Overview

Located in East Charlotte, this property presents an investment opportunity. Zoned for office use O-1(CD) and currently configured as a duplex, the property offers flexibility for various uses. It can be used as an income-producing duplex, converted back to a single-family home, or utilized in a mixed-use setup. The property has parking in the front and rear. The building has a total size of 1293 square feet. A portion of the property is located in a flood zone.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$32.3k	$24.96
− Vacancy	−$5.6k	−$4.37
EGI	$26.6k	$20.59
− OpEx	−$6.7k	−$5.15
NOI	$20.0k	$15.44

1,293 SF · lease $24.96/SF/yr · vacancy 17.50% · expense 25.00%

Alternative Uses

Best Use

Office B

$285.3K

$249.6K – $332.8K (±1% cap)

NOI $19,969 @ 7.0% cap · market cap 6.14%

Second Best

Multifamily LT 5

$242.7K

$212.4K – $283.2K (±1% cap)

NOI $16,989 @ 7.0% cap · market cap 5.23%

Theoretical Best

Office A

$430.6K

$376.8K – $502.3K (±1% cap)

NOI $30,140 @ 7.0% cap · market cap 9.27%

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

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Location Insight

Map
Local Demand

City: Charlotte
County: Mecklenburg
State: North Carolina
Longitude: -80.775
Latitude: 35.2347

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For sale
Duplexes
NC
Charlotte
28205
1628 Eastway Drive

What type of property is this?

Duplex - Duplex zoned for office use with investment and business potential.

Where is this duplex located?

The property is located at 1628 Eastway Drive Charlotte, NC.

What is the asking price?

The asking price for this property is $325,000.

What are key features of this property?

This property features: Zoned O‑1(CD) for office use, offering flexibility.; Currently configured as a duplex, providing immediate income potential.; Convertible to a single‑family home, appealing to traditional buyers.