220,000 SF Adaptive Re-Use Development Opportunity in NoDa, Charlotte

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220,000 SF Adaptive Re-Use Development Opportunity in NoDa, Charlotte

Charlotte, NC 28206
Asking Price
Contact for price
Asset Type
Retail
Class
Class B

What's Special

Located at the heart of Charlotte’s historic NoDa district, this 220,000 SF adaptive re-use site occupies a prominent position within the city’s primary arts and entertainment corridor. The neighborhood is characterized by a blend of converted industrial textile mills, galleries, and craft breweries. The property offers direct proximity to the LYNX Blue Line light rail stations at 25th Street and 36th Street, providing efficient transit connectivity to Uptown Charlotte and University City. High-density multifamily developments and established local retailers surround the site, ensuring consistent pedestrian traffic. This large-scale footprint is suited for a curated retail destination or a multi-tenant lifestyle center. Ideal use cases include flagship experiential retail, diverse food and beverage concepts, and health and wellness anchors. The asset’s scale supports a tenant mix ranging from national regional operators seeking creative industrial aesthetics to local boutique businesses. Given the neighborhood demographics, the property is positioned to serve a profile of young professionals and urban residents attracted to walkable, transit-oriented environments.

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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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