2301 Arden St

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2301 Arden St

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

What's Special

2301 Arden St is located in the vibrant Optimist Park neighborhood of Charlotte, North Carolina. This site sits at the intersection of residential growth and revitalized industrial spaces, directly adjacent to the popular Optimist Hall food hall. The area is characterized by high walkability and a mix of creative office spaces and modern apartment complexes. Transportation access is a primary feature, with the Parkwood Light Rail Station located less than half a mile away, providing a direct connection to Uptown Charlotte and University City. This land asset is positioned for urban infill development, specifically suited for high-density multifamily housing or a mixed-use commercial project. Given the neighborhood’s profile, ideal tenants would include professional firms seeking creative office environments or retail operators catering to the local commuter population. The site’s proximity to the LYNX Blue Line makes it a strategic choice for developers focused on transit-oriented design and businesses requiring proximity to Charlotte’s central business district.

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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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