3623 Latrobe Dr Charlotte, NC 28211
- Office Properties & Spaces
- 432 SF
- 2.42 lot acres
Current Use by Public Records
- Karina J. Romero, CPA / Accounting Firm
- one touch flooring - charlotte, nc / Flooring Contractor
- CrossRoads Corporation for Affordable Housing and Community Development, Inc. / Non-Profit Organization / Foundation
- Call Psychic Now / Psychic
- Teamsters Joint Council Number / Labor Union
Property Details for 3623 Latrobe Dr
- Year built
- 1984
- Lot size
- 2.42 lot acres
- Property size
- 432 SF
- Zone code
- I1
- Property type
- Office Properties & Spaces
- APN
- 15706343
- APU
- 15706343
Description
This exceptional two-story office building, totaling 40,000 square feet, presents a unique investment opportunity in Charlotte's thriving Midtown SE submarket. Built in 1984, the Class B property sits on 2.43 acres of land and currently offers 9,437 square feet of vacant space. The building features a variety of individual office suites available for sale or lease, perfect for businesses of all sizes. Units range from approximately 430 to 1,369 square feet, providing flexibility in layout and accommodating teams of one to three people. The building's convenient location offers easy access to Uptown Charlotte, the Cotswold area, and numerous retail shopping centers, ensuring excellent visibility and accessibility for tenants. This is an ideal opportunity to acquire a well-located, established office building in a high-growth area of Charlotte, with the potential for immediate income generation from leasing the available space. The multiple tenancy structure allows for diverse income streams and a strong potential for future appreciation. The property's size and layout offer significant flexibility for potential buyers or tenants seeking to establish a presence in a dynamic and desirable location. The existing infrastructure provides a solid foundation for immediate occupancy or future renovations, catering to a wide range of business needs.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $120,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $105,000
- 6.5%
- $100,000
- 7%
- $95,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $95,000
- Geo Method
- $115,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $115,000
- Retail
- $110,000
- Mixed-Use
- $115,000
- Hospitality
- $95,000
- Educational
- $95,000
- Residential Income
- $105,000
- Energy
- $105,000
- Income-Based Land
- $100,000
- Food Service
- $110,000
Location Insight
- Map
- Local Demand
- City
- Charlotte
- County
- Mecklenburg
- State
- North Carolina
- Longitude
- -80.7973
- Latitude
- 35.1967
- CBSA code
- 16740
- CBSA name
- CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA
