Property profile

519 Armour Dr Charlotte, NC 28206

FOR SALE
Warehouses
Property ID
US53-1458296
16,281 SF 0.84 ac lot Built 1956
Individually Owned 19-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 16,281-square-foot industrial property, situated at 519 Armour Dr. in Charlotte, NC 28206, presents a unique investment opportunity. The single-story building, zoned ML-2, sits on a 0.834-acre lot and boasts a blend of warehouse and flex space functionality. Features include three loading docks and one dock-high door, ideal for efficient material handling. The interior features a wood plank ceiling with steel joists and an interior dock well. This infill property benefits from its strategic location near the burgeoning Camp North End development, providing excellent access to a thriving commercial hub. The property's potential extends beyond its current footprint; there's an opportunity to expand the acreage by potentially abandoning adjacent streets. Furthermore, this property is available for sale as a fully operational cabinet shop, complete with all fixtures, fittings, and equipment. Detailed pricing and a comprehensive equipment list are available upon request. This is a rare chance to acquire a well-located, versatile industrial space with significant growth potential in a rapidly developing area of Charlotte.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1956
Total area 16,281 SF
Lot 0.84 ac (36,397 SF)
Zoning code I-2
APN 7901728
UPID US53-1458296

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
  • Industrial Manufacturer Production Facility
  • General Contractor Renovation Specialist
  • Nail Salon

Location

519 Armour Dr Charlotte, NC 28206
Charlotte metro Census 5200 CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.36M
Blend (final) Blend
$280k

Owner & transaction history

since 2006
3 recorded transactions
2006
Price N/A
1996
Price N/A
1992
$240,000

Zoning & alternative use

I-2 · Charlotte, 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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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