2711 Midland Ave

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2711 Midland Ave

Charlotte, NC 28208
Asking Price
$1.20M
Asset Type
Industrial
Class
Class B

What's Special

2711 Midland Ave is located in the vibrant Wesley Heights neighborhood, situated just west of Uptown Charlotte. This industrial site offers immediate access to the streetcar line and major thoroughfares, including I-77 and I-277. The surrounding area is characterized by a mix of historic residential architecture and revitalized commercial spaces, providing proximity to local breweries, professional services, and retail amenities. Its central position within the urban core facilitates efficient logistics and accessibility for staff and clients throughout the Charlotte metropolitan region. The property is suited for light industrial operations, urban distribution, or creative flex space adaptations. Typical tenants for this asset type include specialized manufacturers, last-mile delivery providers, and commercial trade contractors requiring a central base of operations. The building's layout and strategic location also appeal to businesses seeking a hybrid of warehouse and office space within an emerging transit-oriented corridor.

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NOI
$80,000
Cap Rate
6.69%
DSCR
1.13
Tight
Cash-on-Cash
2.53%
Monthly Payment
$5,912.208
Annual Cash Flow
$9,053.504

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