227 Atando Ave Charlotte, NC 28206
- Warehouses
- 50,943 SF
- 3.94 lot acres
Current Use by Public Records
- McCarthy Tire Service / Truck Repair Shop / Tire Shop
Property Details for 227 Atando Ave
- Year built
- 1946
- Lot size
- 3.94 lot acres
- Property size
- 50,943 SF
- Zone code
- I2
- Property type
- Warehouses
- APN
- 8502105
- APU
- 8502105
Description
This exceptional 5.629-acre parcel, located at 227 Atando Avenue in Charlotte, North Carolina, presents a unique investment opportunity. Zoned IMU (Innovation Mixed Use), this property offers considerable flexibility for a variety of commercial and residential developments. Its strategic location in Charlotte's burgeoning North End, near the vibrant NoDa and Camp North End neighborhoods, and in close proximity to Uptown Charlotte, ensures high visibility and accessibility. The property's proximity to the 36th Street light rail station (less than half a mile away) further enhances its appeal, given the current focus on transit-oriented development. The North End corridor is experiencing significant growth, attracting substantial institutional investment in office, multi-family, and retail projects. Adding to the property's desirability, a new Sprouts grocery store—the first in NoDa and only the second in Charlotte—will be located approximately 1,000 feet away. This development presents a compelling opportunity to capitalize on the area's rapid expansion and strong demand for diverse commercial and residential uses. The Mecklenburg County address and 28206 zip code further pinpoint this exceptional location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $3,495,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $3,325,000
- 6.5%
- $3,245,000
- 7%
- $3,070,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $3,080,000
- Geo Method
- $3,170,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,495,000
- Retail
- $3,100,000
- Mixed-Use
- $2,965,000
- Hospitality
- $3,350,000
- Educational
- $3,170,000
- Residential Income
- $3,115,000
- Energy
- $3,000,000
- Income-Based Land
- $2,875,000
- Food Service
- $3,170,000
Location Insight
- Map
- Local Demand
- City
- Charlotte
- County
- Mecklenburg
- State
- North Carolina
- Longitude
- -80.8127
- Latitude
- 35.2539
- CBSA code
- 16740
- CBSA name
- CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA
