804-239-7593
226 Fairwood Ave, Charlotte, NC for Sale
Auto Repair - FOR SALE
1/9
null | Request Cap Rate

226 Fairwood Ave
Charlotte, NC 28203
Southside Park


HIGHLIGHTS

  • Great location!

OVERVIEW

Rebel Rebel Urban Retail Advisors is pleased to present the opportunity to acquire 230 Fairwood Avenue, a 4,006 RSF, free-standing, adaptive re-use property in Charlotte’s booming South End neighborhood. Originally built in 1978 and redeveloped from 2018 - 2019, this former service station is symbolic of South End’s remarkable transformation from a former industrial corridor into one of the most sought-after urban-lifestyle destinations in the Southeast. The property is fully occupied by a single lease with 9+ years of term remaining and healthy in-place rents. South End’s increasing tenant demand for free-standing, adaptive re-use product with convenient walkability and light rail proximity will continue to put upward pressure on market rental rates resulting in long-term values continuing to outpace in-place lease escalations, providing investors with the rare opportunity to secure a highly sought-after position in one of the hottest corridors in the country. South End is one of the most highly desired, dynamic neighborhoods in the United States. The LYNX light-rail, located just two blocks from the property, was a catalyst for the growth and continued success of South End and defines 230 Fairwood Ave as a pedestrian friendly and transit-oriented destination. The walkability and variety of retail businesses in the Fairwood Ave corridor make it a haven for consumers seeking a mix of offerings. The Property sits on 0.172 acres with TOD-UC (Transit Oriented Destination – Urban Center) zoning designation, the most accommodating and highest density designation among the TOD zoning districts. Building heights are permissible up to 130 feet, with taller buildings potentially reaching 300 feet through a height bonus. The property offers long-term cash flow but also presents future redevelopment opportunities as the area continues to grow and densify. Opportunity to purchase 230 & 225 Fairwood as a package deal.

FOR SALE DETAILS

PRICE

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CAP RATE

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% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

230 Fairwood

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1978

SPRINKLERS

-

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

TOD-UC

APN/PARCEL ID

147-011-81

ASK ABOUT THIS PROPERTY

James CraigRebel RebelMore Info
804-239-7593

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James CraigRebel RebelMore Info
804-239-7593

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