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 Morehead corridor, situated at the edge of the Uptown central business district and the vibrant South End neighborhood. The site benefits from immediate proximity to Bank of America Stadium and the Carson Light Rail station, providing efficient transit connectivity throughout the metro area. The surrounding character is a blend of corporate headquarters, high-density residential developments, and established retail amenities. Its position offers high visibility from the Morehead Street arterial and direct access to major interstates I-77 and I-277. This land asset is suited for high-density urban redevelopment, consistent with the surrounding mixed-use growth. Ideal use cases include a flagship office tower, a luxury multifamily complex, or a high-end hotel project. The site’s location caters to institutional developers seeking a presence in a high-growth urban center or corporate entities pursuing a build-to-suit opportunity. Given its proximity to the sports and entertainment district, the property also allows for a substantial retail or hospitality component. The land provides a clear canvas for a landmark development within Charlotte’s most active commercial submarkets.

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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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