W 2nd St

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W 2nd St

Charlotte, NC 28208
Asking Price
$25K
Asset Type
Land
Class
Class B

What's Special

Located on West 2nd Street in the heart of Uptown Charlotte, this land parcel sits within the city’s primary business district. The site is positioned near major landmarks including the Truist Field, Bank of America Stadium, and the Charlotte Convention Center. The surrounding neighborhood is characterized by a mix of high-rise commercial offices, luxury multifamily developments, and a variety of dining and retail options. Transportation access is provided via proximity to Interstate 77 and the LYNX Blue Line light rail, facilitating connectivity to the broader metropolitan area. The property is suited for high-density urban development, aligning with the current zoning and character of the Uptown submarket. Potential use cases include the construction of a flagship corporate headquarters, a luxury hotel, or a mixed-use residential tower. The ideal tenant or developer profile typically includes institutional investors, hospitality groups, or commercial developers seeking to capitalize on Charlotte’s central business district density. The site offers a footprint capable of supporting vertical expansion in a high-traffic pedestrian environment.

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NOI
$80,000
Cap Rate
320.00%
DSCR
53.90
Strong
Cash-on-Cash
1046.88%
Monthly Payment
$123.686
Annual Cash Flow
$78,515.764

Location & Travel Times