2420 Brevard St Charlotte, NC 28205
- Office Properties & Spaces
- 0.21 lot acres
Current Use by Public Records
- Office Properties & Spaces
Property Details for 2420 Brevard St
- Year built
- 1905
- Lot size
- 0.21 lot acres
- Property type
- Office Properties & Spaces
Description
This exceptional investment opportunity encompasses two adjacent parcels totaling 0.21 acres in Charlotte's vibrant NoDa neighborhood. The property includes a meticulously updated 1,914 square foot former mill house, ideal for retail or office use, boasting modern finishes and a prime location. This building is situated less than 1,000 feet from the 25th Street light rail station, providing excellent accessibility. The adjacent raw land presents significant development potential, especially considering its location on a hard corner at Brevard Street and Jordan Place. The planned Cross Charlotte Trail will run directly alongside the property, further enhancing its desirability and value. The area is bustling with activity, surrounded by a diverse range of restaurants, bars, shops, and other retail establishments, ensuring high foot traffic and visibility. This property offers a unique blend of immediate income potential from the existing building and substantial long-term growth prospects from the undeveloped land. The asking price for this combined property is $1,050,000. An adjacent lot (2428 Brevard Street) is also available for purchase, offering an assembly price of $1,700,000 for both properties.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Charlotte
- County
- Mecklenburg
- State
- North Carolina
- Longitude
- -80.81442
- Latitude
- 35.24324
