2018 Statesville Ave

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2018 Statesville Ave

Charlotte, NC 28206
Asking Price
$100K
Asset Type
Land
Class
Class B

What's Special

2018 Statesville Avenue is situated in the North End corridor of Charlotte, North Carolina, approximately two miles north of Uptown. The surrounding neighborhood is characterized by a mix of historic industrial facilities, emerging adaptive reuse projects, and established residential pockets. The site offers proximity to Camp North End, a 76-acre hub for innovation and commercial activity. The property is positioned near Interstate 77 and Interstate 277, providing regional connectivity. Local transit options include nearby Charlotte Area Transit System (CATS) bus stops, and the site is accessible to the city’s primary business and entertainment districts. The property is suited for land-intensive operations or future commercial development consistent with its urban industrial environment. Potential use cases include outdoor storage, vehicle fleet parking, or staging for logistics and construction services. The location is optimal for tenants in the last-mile delivery, light assembly, or distribution sectors seeking functional space with access to the central business district. The site’s topography and frontage along Statesville Avenue support utility for users requiring high visibility and efficient ingress for commercial vehicles.

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NOI
$80,000
Cap Rate
80.00%
DSCR
13.47
Strong
Cash-on-Cash
246.88%
Monthly Payment
$494.745
Annual Cash Flow
$74,063.055

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