10021 Park Cedar Dr - Medical CONDO FOR SALE


Charlotte, NC 28210
$347,760-$557,520 USD
704-564-3461
10021 Park Cedar Dr, Charlotte, NC for Sale
$347,760-$557,520 USD
Medical CONDO - FOR SALE
1/9
1,008-1,616 SF | Request Cap Rate

10021 Park Cedar Dr
Charlotte, NC 28210


HIGHLIGHTS

  • Prime location near Park Road and Highway 51 with easy access to I-485 and surrounding business hubs.
  • Two office condos available for individual or combined purchase, ideal for owner-users or investors.
  • Suite 300 ready for occupancy; Suite 400 leased through July 2027 with renewal options and rent escalations.
  • Well-maintained property with functional layouts, private offices, and break areas.
  • Strong association management with low condo dues and no pending assessments.
  • Surrounded by retail, dining, and residential communities in a high-demand submarket.

OVERVIEW

Currently leased at $42,824 annually through July 31, 2027, Suite 400 provides an attractive investment opportunity with stable income. The lease includes an option for the tenant to renew for three additional years with 4% annual rent increases, ensuring predictable cash flow for investors. Property taxes for this unit are $2,759.39 annually, and condo dues remain low at $2.65 per square foot per year. With its strong tenant commitment and prime location near major transportation routes, Suite 400 is an excellent choice for investors seeking long-term value in the Charlotte market.

FOR SALE DETAILS

PRICE

$347,760-$557,520 USD

CAP RATE

Request Cap Rate

# OF UNITS

2

CONDO SIZE

-

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Park Cedar Professional Center

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

6,228 SF

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

26

LAND DETAILS

LAND ACRES

4.45 AC

LAND SF

193,842 SF

ZONING

OICD

APN/PARCEL ID

221-191-70,221-191-71,221-191-72,221-191-73

ASK ABOUT THIS PROPERTY

John StippOffice PropertiesMore Info
704-564-3461

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John StippOffice PropertiesMore Info
704-564-3461

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.