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511 W Summit Ave 22,472 SF 100% Leased Flex Building Charlotte, NC 28203 $6,950,000 ($309.27/SF)
Executive Summary
Located on 1.35 acres in Charlotte's Gold District, this two-building offering presents a rare opportunity to acquire a cash-flowing asset with both immediate income and long-term redevelopment potential, just steps from South End and the Iron District.
Property Facts
| Price | $6,950,000 | Lot Size | 1.35 AC |
| Price Per SF | $309.27 | Rentable Building Area | 22,472 SF |
| Sale Type | Investment or Owner User | No. Stories | 1 |
| Sale Condition | Redevelopment Project | Year Built | 1936 |
| Property Type | Flex | Clear Ceiling Height | 14’5” |
| Building Class | B | ||
| Zoning | ML-2 - Commercial | ||
| Price | $6,950,000 |
| Price Per SF | $309.27 |
| Sale Type | Investment or Owner User |
| Sale Condition | Redevelopment Project |
| Property Type | Flex |
| Building Class | B |
| Lot Size | 1.35 AC |
| Rentable Building Area | 22,472 SF |
| No. Stories | 1 |
| Year Built | 1936 |
| Clear Ceiling Height | 14’5” |
| Zoning | ML-2 - Commercial |
Moderately walkable
70/100
Very drivable
80/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 119-098-06 | Improvements Assessment | $476,500 |
| Land Assessment | $2,609,400 | Total Assessment | $3,085,900 |
Property Taxes
Parcel Number
119-098-06
Land Assessment
$2,609,400
Improvements Assessment
$476,500
Total Assessment
$3,085,900
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511 W Summit Ave
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