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    528 Charles St Matthews, NC 28105

    Sponsored
    For Sale
    $1,800,000

    8,000+ sq ft, 5-unit warehouse, high cash flow.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1-story warehouse, situated on a 1.3-acre lot in Matthews, North Carolina (APN 215-014-01), presents a compelling investment opportunity. The property, built in 1965, boasts over 8,000 square feet of space with impressive 17+ foot ceilings. Currently configured as five individual units, generating consistent cash flow from automotive and outdoor storage uses, this property offers immediate return on investment. The warehouse features upgraded LED lighting throughout, ample parking, and updated 2-phase electrical systems. Each unit includes tankless water heaters and central air conditioning. Conveniently located near I-485, this property provides easy access to restaurants, retail, and other businesses. Zoned R-9, allowing for a variety of uses, the current automotive use is grandfathered by the Town of Matthews for similar uses. The asking price for this turnkey operation is $1,800,000. Don't miss this chance to acquire a high-performing asset in a thriving location.

    Property Features for 528 Charles St

    General Information

    Property type
    Distribution properties
    Lot Size
    56,628 SF

    Building Details

    Year Built
    1965
    Buildings
    1
    Stories
    1
    Units
    5

    HighLights

    • $1,800,000 asking price.
    • 1‑story, 8,000+ SF warehouse on 1.3 acres.
    • Five units generating cash flow.
    • Located in Matthews, NC (28105), at 528 E Charles St.
    • Built in 1965, with updated LED lighting, 2‑phase electrical, and tankless water heaters.
    • R‑9 zoning; currently used for automotive storage (grandfathered use).
    Property Profile Location Intelligence

    Current Use by Public Records

    BB AUTO Car Repair And Maintenance Service DELSOL AUTO PARTS Car Repair And Maintenance Service 123 Auto Repair Auto Repair Shop Alpina Direct Buy Auto Parts Market

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Matthews
    County
    Mecklenburg
    State
    North Carolina
    Longitude
    -80.7154701
    Latitude
    35.112674

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    FAQs

    What type of property is this?
    Distribution property - 8,000+ sq ft, 5-unit warehouse, high cash flow.
    Where is this distribution property located?
    The property is located at 528 Charles St Matthews, NC.
    What is the asking price?
    The asking price for this property is $1,800,000.
    What are key features of this property?
    This property features: $1,800,000 asking price.; 1-story, 8,000+ SF warehouse on 1.3 acres.; Five units generating cash flow.
    Request Owner's contact information
    528 Charles St Matthews, NC 28105
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    528 Charles St Matthews, NC 28105
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