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’s Third Ward, this land parcel sits within a high-density urban environment. The neighborhood is characterized by a mix of professional high-rises, luxury residential complexes, and prominent sports and entertainment venues. Notable nearby amenities include Truist Field, Bank of America Stadium, and Romare Bearden Park, all within walking distance. The location offers efficient logistics via immediate access to the I-77 and I-277 interchange, as well as proximity to the LYNX Blue Line light rail and the Charlotte Transportation Center. The site is suited for high-density vertical development consistent with its core urban zoning. Potential use cases include Class A office space, multifamily residential units, or a flagship hospitality project. Given the surrounding infrastructure, the location is ideal for corporate tenants seeking proximity to the central business district or developers focusing on transit-oriented residential projects. The parcel provides a foundation for a variety of mixed-use applications designed to serve the professional workforce and residents inhabiting the downtown corridor.

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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

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