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    7511 Independence Blvd Charlotte, NC 28227

    Sponsored
    For Sale
    $2,495,000

    8,784 SF Retail Space, High Traffic

    Property size:
    8,784 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 8,784 square foot retail storefront, located at 7511 E. Independence Blvd in Charlotte, NC, is offered for sale at $2,495,000. Situated on a 1.247-acre lot (APN 16516123) and zoned B-2, this multi-tenant property enjoys a prime location adjacent to Independence Square, anchored by prominent businesses including Super G Mart, Harbor Freight Tools, and Rugged Wearhouse. The property currently houses Formula One Imports, a high-end automotive sales and service business, which may consider a short-term leaseback of up to two years. This presents a unique opportunity for investors seeking a high-traffic location on a heavily traveled thoroughfare (E. Independence Blvd boasts 59,500 vehicles per day). The building's substantial size and strategic placement offer significant potential for a variety of retail uses. Serious inquiries are encouraged to explore this lucrative investment opportunity in a thriving Charlotte commercial district. The property's convenient access and visibility make it an ideal location for businesses seeking high exposure and strong customer traffic. This is a rare chance to acquire a well-established retail space in a rapidly growing area.

    Property Features for 7511 Independence Blvd

    General Information

    Property type
    Individual retail properties
    Square Feet
    8,784 SF
    Lot Size
    54,319 SF

    HighLights

    • 7511 E. Independence Blvd., Charlotte, NC 28227
    • Parcel ID: 16516123
    • 8,784 SF Available
    • 1.247‑Acre Site
    • B‑2 Zoning
    • 59,500 VPD on E. Independence Blvd.
    Property Profile Location Intelligence

    Current Use by Public Records

    Alex Buys Cars Motor Vehicle Dealer Formula Imports Used Car Dealer Icon Golf Carts ... Golf Cart Dealer

    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
    Charlotte
    County
    Mecklenburg
    State
    North Carolina
    Longitude
    -80.7366426
    Latitude
    35.1608431

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    FAQs

    What type of property is this?
    Individual retail property - 8,784 SF Retail Space, High Traffic
    Where is this individual retail property located?
    The property is located at 7511 Independence Blvd Charlotte, NC.
    What is the asking price?
    The asking price for this property is $2,495,000.
    What are key features of this property?
    This property features: 7511 E. Independence Blvd., Charlotte, NC 28227; Parcel ID: 16516123; 8,784 SF Available
    Request Owner's contact information
    7511 Independence Blvd Charlotte, NC 28227
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    Charlotte, NC 28227
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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
    7511 Independence Blvd Charlotte, NC 28227
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