1721 Statesville Ave

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1721 Statesville Ave

Charlotte, NC 28206
Asking Price
$760K
Asset Type
Retail
Class
Class B

What's Special

Located at 1721 Statesville Avenue, this retail property sits within Charlotte’s North End corridor, a district transitioning from industrial roots to mixed-use commercial development. The site is positioned near Camp North End, a historic 76-acre redevelopment featuring offices, shops, and dining. It offers immediate access to the I-77 and I-277 interchange, providing connectivity to Uptown Charlotte, which is approximately one mile south. Public transit via CATS bus routes serves the immediate area, supporting local accessibility for commuters and visitors. The property is suited for neighborhood-serving retail, creative studios, or showroom space. Given the surrounding demographic of young professionals and the influx of creative enterprises, ideal tenants include specialty coffee shops, boutique fitness centers, or local service providers. The flexible floor plan allows for a variety of layouts, catering to businesses that benefit from high visibility along a primary corridor and proximity to the city’s evolving innovation district.

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NOI
$80,000
Cap Rate
10.53%
DSCR
1.77
Strong
Cash-on-Cash
15.30%
Monthly Payment
$3,760.065
Annual Cash Flow
$34,879.216

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