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410 S Gardner Ave
Charlotte, NC 28208
Asking Price
$3.50M
Asset Type
Shopping Center Retail
Class
Class B
What's Special
Charlotte NC Unanchored Retail / Showroom <ul><li>Renovated 9,843 SF Owner User Opportunity with surface parking</li><li>Opportunity Zone - Tax Incentives</li><li>Brownfield Tax Benefits - Environmental Incentives</li><li>IMU (Innovation Mixed-Use) Zoning</li><li>Adjacent to $70M Savona Mill redevelopment with 180,000 SF office, 20,000 SF retail, and 30K SF food hall (expected 2027)</li><li>10-Minute Drive to Uptown Charlotte</li><li>Stewart Creek Greenway access</li><li>Vera at Savona Mill (Phase 1) - 319 units delivered 2024</
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NOI
$80,000
Cap Rate
2.29%
DSCR
0.38
Underwater
Cash-on-Cash
-12.17%
Monthly Payment
$17,316.09
Annual Cash Flow
$-127,793.084
