528 E Charles St

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528 E Charles St

Matthews, NC 28105
Asking Price
$1.40M
Asset Type
Office
Class
Class B

What's Special

528 E Charles St is situated in the central business district of Matthews, North Carolina, a suburban community southeast of Charlotte. The property is positioned within a walkable professional corridor characterized by a mix of historic structures and modern commercial developments. Residents and employees have immediate access to diverse local amenities, including the Matthews Farmers Market, several regional banks, and various dining establishments along Trade Street. The location benefits from proximity to U.S. Route 74 (Independence Boulevard) and the Interstate 485 loop, providing efficient transportation links to the greater Charlotte metropolitan area. The property is suited for traditional professional services requiring a quiet, accessible office environment. The clinical and administrative layout supports tenant profiles such as legal practices, accounting firms, insurance agencies, or outpatient medical services. The building’s scale and configuration cater to small to mid-sized businesses looking for a standalone presence or satellite office near established residential neighborhoods. Its central location also makes it an appropriate choice for non-profit organizations or creative agencies seeking a professional setting with local character and high visibility for regional clients.

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NOI
$80,000
Cap Rate
5.71%
DSCR
0.96
Underwater
Cash-on-Cash
-0.74%
Monthly Payment
$6,926.436
Annual Cash Flow
$-3,117.234

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