1220 Graham St Charlotte, NC 28203-4118
Property summary
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.
Property profile
VerifiedCap rate & NOI
Current use
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Marketing & Advertising
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Marketing & Advertising Advertising Agency
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Marketing & Advertising Advertising Agency
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Tech Support Center (Bike/Boat/Book/etc) Store
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
I-2 · Charlotte, NCZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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The district profile from the municipal source: what is on file for I-2 in Charlotte, NC.
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Find the owner behind the property.
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