1220 Graham St Charlotte, NC 28203

Property Details for 1220 Graham St

Year built

2002

Lot size

0.17 lot acres

Property size

5,946 SF

Zone code

I-2

Property type

Office buildings

APN

7326221

APU

7326221

Description

This exceptional 6,000 square foot creative office building, located at 1220 S Graham St in Charlotte, NC, presents a compelling investment opportunity. Built in 1990, this Class B property boasts a two-story design situated on a 0.17-acre lot in the vibrant South End neighborhood. The building is zoned I-2, offering flexibility for various uses. Currently, the property features two individual first-floor suites leased to separate tenants. One suite operates on a month-to-month lease at a monthly rent of $1,600, while the other is under a lease extending until December 31, 2026, with a monthly rent of $2,260.42 subject to annual escalations. This provides immediate cash flow and potential for future rental increases. The asking price for this well-located and income-producing asset is $3,200,000. The property's prime location in South End, combined with its existing tenancy and potential for future development, makes it an attractive investment prospect for discerning buyers seeking a strong return on investment in a thriving Charlotte market. The property's 28203 zip code further underscores its desirability. This is a rare opportunity to acquire a well-maintained, income-generating creative office building in a highly sought-after area.

Location Insight

City

Charlotte

County

Mecklenburg

State

North Carolina

Longitude

-80.858

Latitude

35.2224

CBSA code

16740

CBSA name

CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments