Property profile

163 Trade St A1 Matthews, NC 28105

OFF-MARKET
Office Spaces
Property ID
US53-0533483
1,885 SF 0.91 ac lot Built 1985
Entity Owned 6-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 1,000 square foot office condo, situated in the vibrant Griffin Square of downtown Matthews, presents a unique opportunity for a variety of businesses. Located just five minutes from Charlotte and I-485, this property offers unparalleled convenience and accessibility. The space is ideal for small creative or traditional offices, boutique retail ventures, art studios, or even experiential businesses like sip and paint classes. Its prime location across from Stumptown Park provides immediate access to a thriving community with restaurants, shops, and a farmers market all within walking distance. The interior boasts a spacious open area equipped with a built-in counter, cabinets, and a sink, enhancing its versatility. A private bathroom and a separate, adaptable room—perfect for storage, a private office, or a small conference room—add to the functionality. The building itself comprises two one-story structures with a combined total of 55 parking spaces. The property is zoned HUC and is part of a multi-tenant building. While the total building square footage is not currently available, 1,940 square feet are currently vacant. Potential tenants should be prepared to submit a commercial lease application, a detailed business plan, and two to three years of financial statements. This is a remarkable opportunity to establish your business in a thriving, amenity-rich location.

Property profile

Verified
Property type Office Spaces
Use group CONDOMINIUM OFFICES
Year built 1985
Total area 1,885 SF
Lot 0.91 ac (39,462 SF)
Zoning code B2
APN 22701331
UPID US53-0533483

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Event Planning
  • Pharmacy
  • Church
  • Construction Company General Contractor
  • Pet Grooming Service

Location

163 Trade St, Unit A1 Matthews, NC 28105-5929
Matthews metro Census 5834 CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$285k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$285k

Owner & transaction history

since 2019
5 recorded transactions
2019
Price N/A
2014
$225,000
1997
Price N/A
1991
$141,500
1969
Price N/A

Zoning & alternative use

B2 · Matthews, NC

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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