1416 W Trade St - Freestanding FOR SALE


Charlotte, NC 28216- Biddleville
$2,300,000 USD
704-534-7161
1416 W Trade St, Charlotte, NC for Sale
$2,300,000 USD
Freestanding - FOR SALE
1/27
null | Request Cap Rate

1416 W Trade St
Charlotte, NC 28216
Biddleville


HIGHLIGHTS

  • Access to I-77
  • 500 feet from Wesley Heights Gold Line station
  • TOD-NC zoning approved

OVERVIEW

This 0.451-acreurban infill redevelopment site offers a rare opportunity along Charlotte’s growing West Trade Street and Historic West End corridor. Recently reduced from $3.5 million to $2.56 million, the property is positioned immediately west of Uptown Charlotte with convenient access to West Trade Street and I-77. The site has been successfully rezoned to TOD-NC, allowing for higher-density, mixed-use development, including multifamily housing, retail, office, and restaurant uses. The previous development concept called for apartments above a two-level parking garage, and the property’s highest and best use is expected to be multifamily development with potential complementary commercial space. The site includes an existing commercial building of approximately 5,095 square feet and is located roughly 500 feet from the Wesley Heights CityLYNX Gold Line station, offering convenient streetcar access through Uptown and into Elizabeth. The property is also easily accessible to Bank of America Stadium, Truist Field, Johnson C. Smith University, and Uptown Charlotte’s extensive mix of restaurants, entertainment venues, hotels, offices, and retail. Located in historic Biddleville and directly bordering Wesley Heights, the property benefits from continued investment and redevelopment throughout the surrounding area. Nearby dining and entertainment destinations include Rhino Market & Deli, Not Just Coffee, Legion Brewing, Streetcar Bar + Bites, Pizza Baby, and the Thrift Road dining district. The property was also formerly home to one of Charlotte’s oldest Black-owned butcher shops, adding meaningful local history and potential placemaking value to a future development.

FOR SALE DETAILS

PRICE

$2,300,000 USD

PRICE/SF

$459 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

1414 W Trade St Multifamily Development Site

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1984

SPRINKLERS

-

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.45 AC

LAND SF

19,602 SF

ZONING

TOD NC

APN/PARCEL ID

078-187-01

ASK ABOUT THIS PROPERTY

Paul PiacentinoNewLeaf Brokerage, LLCMore Info
704-534-7161

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Paul PiacentinoNewLeaf Brokerage, LLCMore Info
704-534-7161

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