217 W Morehead St

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217 W Morehead St

Charlotte, NC 28202
Asking Price
Contact for price
Asset Type
Land
Class
Class B

What's Special

217 W Morehead St is located in Charlotte’s historic Wilmore neighborhood, situated on the periphery of the Uptown central business district. The property sits at the intersection of Uptown, South End, and the Gold District, providing immediate access to Interstate 77 and the John Belk Freeway. The surrounding area features a mix of traditional brick architecture and modern high-rise developments. Nearby amenities include Bank of America Stadium, numerous restaurants along the Morehead corridor, and the Carson Street light rail station, which serves the LYNX Blue Line. The site is suited for high-density urban development, including mixed-use, multi-family residential, or boutique office projects. A typical buyer or tenant would include commercial developers or institutional investors seeking to capitalize on the area's high pedestrian activity and proximity to major employment hubs. The location supports transit-oriented design and serves professional service firms or hospitality brands aiming to establish a presence within the city's urban core.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

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