1346 Hill Rd Charlotte, NC 28210
- Office buildings
- 4,523 SF
- 0.53 lot acres
Current Use by Public Records
- Think Button / Toy Store
Property Details for 1346 Hill Rd
- Year built
- 1983
- Lot size
- 0.53 lot acres
- Property size
- 4,523 SF
- Zone code
- B-2
- Property type
- Office buildings
- APN
- 17320112
- APU
- 17320112
Description
This exceptional 3,813 square foot office building presents a unique investment opportunity in Charlotte, North Carolina. Located at 1346 Hill Rd, this vacant property sits on a half-acre lot (0.5 acres) and offers a blend of creative and traditional office space, perfect for a variety of professional uses. Built in 1983, the building is classified as Class C and boasts a B-2 zoning permit. Its strategic location offers excellent visibility and accessibility, adjacent to South Boulevard, minutes from major highways, and within walking distance of the Charlotte Light Rail. The property is also a short drive to both Charlotte's city center and the SouthPark area. Designed by renowned modernist architect Murray Whisnant, this building has historical significance and requires the purchase of a future preservation easement. While currently leased as a studio space, it's now available for purchase at $1,175,000 ($308.16 per square foot). This represents a compelling opportunity to acquire a well-maintained property in a high-demand area. The property's history and location make it an attractive investment for those seeking a unique and strategically positioned asset in the Charlotte market.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $355,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $550,000
- 6.5%
- $520,000
- 7%
- $560,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $500,000
- Geo Method
- $520,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $480,000
- Retail
- $465,000
- Mixed-Use
- $530,000
- Hospitality
- $525,000
- Educational
- $450,000
- Residential Income
- $400,000
- Energy
- $505,000
- Income-Based Land
- $435,000
- Food Service
- $450,000
Location Insight
- Map
- Local Demand
- City
- Charlotte
- County
- Mecklenburg
- State
- North Carolina
- Longitude
- -80.8739
- Latitude
- 35.1296
- CBSA code
- 16740
- CBSA name
- CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA