435 E Morehead Sale

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435 E Morehead Sale

Charlotte, NC 28202
Asking Price
$1.70M
Asset Type
Retail
Class
Class B

What's Special

435 E Morehead Street is situated at the edge of Charlotte’s Uptown and South End districts. This location offers direct proximity to the central business district and the local medical corridor. The neighborhood is characterized by a mix of corporate offices, luxury multi-family developments, and professional services. It is accessible via the I-77 and I-277 interchange, with several bus stops and the LYNX Blue Line light rail within walking distance. Nearby amenities include various established dining options and public parks. The property is suited for high-visibility retail uses, such as boutique fitness studios, specialty cafes, or upscale service providers. Given the surrounding demographic of urban professionals and residents, the site is ideal for tenants seeking consistent foot traffic and significant street frontage exposure. The asset profile aligns with national retailers or regional brands looking to establish a presence in a high-density transit corridor that serves both daytime employees and evening residents.

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NOI
$80,000
Cap Rate
4.71%
DSCR
0.79
Underwater
Cash-on-Cash
-4.10%
Monthly Payment
$8,410.672
Annual Cash Flow
$-20,928.069

Location & Travel Times