1527 West Morehead Street

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1527 West Morehead Street

Charlotte, NC 28208
Asking Price
Contact for price
Asset Type
Commercial Land
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Development site located at 1527 West Morehead Street
  • Commercial land asset situated in Charlotte, North Carolina
  • Strategic infill parcel located along a primary corridor
  • Available for both purchase and leasehold acquisition
  • Positioned within the growing West Charlotte urban submarket

What's Special

West Morehead Street serves as a primary corridor connecting the historic FreeMoreWest neighborhood to the rapidly expanding Charlotte central business district. This commercial land site provides an infill development opportunity positioned within a key submarket characterized by high visibility and ongoing urban densification. With proximity to major transportation arteries and the city core, the parcel sits in an area undergoing significant commercial and residential transition. Investors and developers can leverage this strategic placement for projects ranging from mixed-use buildings to specialized commercial facilities tailored to the needs of the surrounding local economy. Charlotte remains a dominant economic engine in the Southeast, fueled by its status as a major financial hub and a magnet for corporate headquarters. This location benefits from the steady population growth and infrastructure investments defining the West Charlotte landscape. The parcel provides a foundation for capitalizing on the continued demand for well-located real estate near the urban center.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

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