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6.07-Acre Infill Redevelopment Site 920 Eastway Dr 31,273 SF Industrial Building Online Auction Sale Charlotte, NC 28205
Investment Highlights
- 920 Eastway Drive presents a 6.07-acre site with utility access from the existing warehouse.
- Opportunity to create a standout destination just steps from NoDa, Charlotte’s trendy and youthful arts and entertainment district.
- Investment reinforced by positive demographic trends as households within 3 miles grew by 13.5% from 2020 to 2025, with another 9% projected by 2030.
- ML-1 zoning supports a broad range of industrial, logistics, retail, restaurant, research and development, fitness, automotive, and service uses.
- Valuable exposure to 48,000 VPD via Eastway Drive/East Sugar Road with direct links to Highways 29 and 74, only a 10-minute drive to Uptown Charlotte.
- Consumer- or resident-reliant projects tap a robust 5-mile trade area with an average household income of $100,012 and $3.6B in spending per year.
Executive Summary
920 Eastway Drive presents a redevelopment-oriented investment opportunity in an exciting district near Charlotte’s urban core.
The 6.07-acre site is improved with an approximately 31,000-square-foot functionally obsolete industrial facility, providing the foundational infrastructure and utility access to streamline construction. With owner financing available and no outstanding debt, buyers have added flexibility to structure acquisitions and pursue value-creation strategies.
The ML-1 Manufacturing and Logistics Zoning District supports a diverse mix of development outcomes, allowing purchasers to respond to dynamic market demand rather than being limited to a single use. Various industrial, commercial, retail, restaurant, research and development, fitness, automotive, and service-oriented uses are all permitted by right under ML-1.
Located less than five minutes from NoDa and approximately 10 minutes from Uptown Charlotte, 920 Eastway Drive sits near some of the city’s most influential residential, employment, entertainment, and cultural destinations. Eastway Drive serves as a major connector to Highways 29 and 74, and its adjacent intersection with East Sugar Road carries traffic counts exceeding 48,000 vehicles per day. Interstate 85 is readily accessible, placing Charlotte Douglas International Airport within approximately 20 minutes. For consumer-focused projects, affluent communities, including Eastover, Myers Park, Country Club Heights, and Sugar Creek, are all within a short drive, providing access to established household spending power.
Charlotte’s long-term growth trends further reinforce the opportunity. The metropolitan area’s population has expanded rapidly over the past decade and now exceeds 2.8 million residents, ranking as the nation’s third fastest-growing major markets. A younger, highly educated population, continued residential demand, and a diversified economy support development across multiple asset classes. Positioned within a well-connected urban corridor and affording substantial redevelopment flexibility, 920 Eastway Drive provides investors and developers with a platform to capitalize on Charlotte’s continued expansion and evolving real estate demand.
The 6.07-acre site is improved with an approximately 31,000-square-foot functionally obsolete industrial facility, providing the foundational infrastructure and utility access to streamline construction. With owner financing available and no outstanding debt, buyers have added flexibility to structure acquisitions and pursue value-creation strategies.
The ML-1 Manufacturing and Logistics Zoning District supports a diverse mix of development outcomes, allowing purchasers to respond to dynamic market demand rather than being limited to a single use. Various industrial, commercial, retail, restaurant, research and development, fitness, automotive, and service-oriented uses are all permitted by right under ML-1.
Located less than five minutes from NoDa and approximately 10 minutes from Uptown Charlotte, 920 Eastway Drive sits near some of the city’s most influential residential, employment, entertainment, and cultural destinations. Eastway Drive serves as a major connector to Highways 29 and 74, and its adjacent intersection with East Sugar Road carries traffic counts exceeding 48,000 vehicles per day. Interstate 85 is readily accessible, placing Charlotte Douglas International Airport within approximately 20 minutes. For consumer-focused projects, affluent communities, including Eastover, Myers Park, Country Club Heights, and Sugar Creek, are all within a short drive, providing access to established household spending power.
Charlotte’s long-term growth trends further reinforce the opportunity. The metropolitan area’s population has expanded rapidly over the past decade and now exceeds 2.8 million residents, ranking as the nation’s third fastest-growing major markets. A younger, highly educated population, continued residential demand, and a diversified economy support development across multiple asset classes. Positioned within a well-connected urban corridor and affording substantial redevelopment flexibility, 920 Eastway Drive provides investors and developers with a platform to capitalize on Charlotte’s continued expansion and evolving real estate demand.
Offering Memorandum Click Here to Access
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
- Purchase Agreement
- Surveys
Market Analytics Click Here to Access
Property Facts
| Sale Type | Investment | Rentable Building Area | 31,273 SF |
| Sale Condition | Auction Sale | No. Stories | 2 |
| Type of Ownership | Fee Simple | Year Built | 1958 |
| Property Type | Industrial | Clear Ceiling Height | 33’ |
| Property Subtype | Warehouse | No. Dock-High Doors/Loading | 1 |
| Building Class | C | No. Drive In / Grade-Level Doors | 1 |
| Lot Size | 6.07 AC | Parcel Number | 093-021-02 |
| Zoning | ML-1 - Manufacturing and Logistics | ||
| Sale Type | Investment |
| Sale Condition | Auction Sale |
| Type of Ownership | Fee Simple |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 6.07 AC |
| Rentable Building Area | 31,273 SF |
| No. Stories | 2 |
| Year Built | 1958 |
| Clear Ceiling Height | 33’ |
| No. Dock-High Doors/Loading | 1 |
| No. Drive In / Grade-Level Doors | 1 |
| Zoning | ML-1 - Manufacturing and Logistics |
| Parcel Number | 093-021-02 |
Amenities
- Fenced Lot
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Demographics
Regional Accessibility
City
Population
Miles
Drive Time
Charlotte
872,498
6
0 h 12 m
Jacksonville
903,889
385
7 h 12 m
Washington
702,455
396
7 h 36 m
Columbus
892,533
431
8 h 20 m
Philadelphia
1,584,138
536
10 h 39 m
Indianapolis
867,125
570
11 h 3 m
Access and Labor Force
10 Miles
Total Population
762,626
Total Labor Force
484,545
Unemployment Rate
3.70%
Median Household Income
$78,586
Warehouse Employees
66,244
High School Education Or Higher
90.10%
Sale Advisor
Sale Advisor
Matthew Hagler, Broker
Matthew Hagler is one of the founding principals of the Keller Williams Ballantyne Area Market Center and has served as Director of Commercial Real Estate and Commercial Regional Ambassador. Mr. Hagler started his commercial real estate career in 2000 with a boutique firm in Charlotte, NC. As a native of Charlotte, with nine generations rooted in Mecklenburg County, he has watched the area grow and is extremely knowledgeable in the development history and demographics of the region. Mr. Hagler is a general broker and has extensive experience in office, retail, industrial, multifamily and land transactions.
Mr. Hagler is a member of the Charlotte Region Commercial Board of Realtors (CRCBR) and has been awarded the Deal Makers Bronze, Silver and Platinum Awards in recent years. He has been recognized as the Commercial Agent of the Year and the Commercial Team of the Year for the KW Ballantyne Area Market Center.
Mr. Hagler has served in many leadership capacities locally for the Mecklenburg Kiwanis Club, and regionally serving as Trustee for the Carolinas District and President of the Carolinas District Foundation. He was also recognized with the distinguished George E. Hixson Fellowship Award.
Mr. Hagler is a member of the Charlotte Region Commercial Board of Realtors (CRCBR) and has been awarded the Deal Makers Bronze, Silver and Platinum Awards in recent years. He has been recognized as the Commercial Agent of the Year and the Commercial Team of the Year for the KW Ballantyne Area Market Center.
Mr. Hagler has served in many leadership capacities locally for the Mecklenburg Kiwanis Club, and regionally serving as Trustee for the Carolinas District and President of the Carolinas District Foundation. He was also recognized with the distinguished George E. Hixson Fellowship Award.
About the Auction Technology
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Auction Contact
Kevin Loudy
Contact
Ten-X Licensing:
Ten-X, LLC Samantha Corbat RE Brkr C34060. Ten-X, LLC Auction Firm 10478. NCALB Disclosure: Broker Contact is the Seller’s Real Estate Listing Agent providing real estate services only. Broker Contact is not acting as an Auctioneer.
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Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000
Maximum Transaction Fee
$300,000
Example Calculation
Winning Bid Amount
$5,000,000
Transaction Fee
$150,000 (3%)
Total Purchase Price
$5,150,000
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Contact the Sale Advisor
6.07-Acre Infill Redevelopment Site | 920 Eastway Dr
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6.07-Acre Infill Redevelopment Site | 920 Eastway Dr
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