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Office Medical

MOB/Retail/Mixed-Use Redevelopment

1028 W 5th St, Charlotte, NC 28202

Listing Price: Request For Offer

Rentable SF
2,997
Occupancy
1.0%
Year Built
1982
Lot Size
0.62 acres

Investment Overview

Marcus & Millichap is pleased to present an exclusive commercial redevelopment opportunity for lease, ground lease, JV, or sale of the Third Ward Professional Center, a ± 2,997 SF two-suite medical office that was formerly an oral surgeon office and a dental practice. This listing includes the ± 0.26 Acre parcel (07814302) with the vacant building along with two additional ± 0.18 Acre parcels (07814324, 07814325) adjacent to the building, currently operated as surface parking lots. Located in the Central Business District (CBD) submarket, this site is zoned as UMUD (uptown mixed-use development), ideal for another medical/professional office or retail tenant but also could be a site for a small mixed-use development with commercial tenants on the street level and multi-family tenants above. Current market rent averages $39/SF for other offices in the CBD submarket.

An easy location to access, this site is in northwest uptown next to I-77, walking distance to public transit (bus service, and City Lynx Gold Streetcar, Irwin Ave station), minutes from the city center, professional sports arenas, museums, Frazier Park, Irwin Creek Greenway, Johnson & Wales University and Johnson C. Smith University.

Investment Highlights

  • 2023 Population in 2-mi radius: 67,501 and 5-mi radius: 263,151
  • Average HH income in a 2-mi radius: $98,889 and 5-mi radius: $93,127
  • On W 5th St with 14,194 VPD and .04 miles away from W Trade St with 17,167 VPD

Exclusively Listed By

Financing By

Office Medical

MOB/Retail/Mixed-Use Redevelopment

Listing Price: Request For Offer

Rentable SF
2,997
Occupancy
1.0%
Year Built
1982
Lot Size
0.62 acres

Investment Highlights

  • 2023 Population in 2-mi radius: 67,501 and 5-mi radius: 263,151
  • Average HH income in a 2-mi radius: $98,889 and 5-mi radius: $93,127
  • On W 5th St with 14,194 VPD and .04 miles away from W Trade St with 17,167 VPD

Investment Overview

Marcus & Millichap is pleased to present an exclusive commercial redevelopment opportunity for lease, ground lease, JV, or sale of the Third Ward Professional Center, a ± 2,997 SF two-suite medical office that was formerly an oral surgeon office and a dental practice. This listing includes the ± 0.26 Acre parcel (07814302) with the vacant building along with two additional ± 0.18 Acre parcels (07814324, 07814325) adjacent to the building, currently operated as surface parking lots. Located in the Central Business District (CBD) submarket, this site is zoned as UMUD (uptown mixed-use development), ideal for another medical/professional office or retail tenant but also could be a site for a small mixed-use development with commercial tenants on the street level and multi-family tenants above. Current market rent averages $39/SF for other offices in the CBD submarket. An easy location to access, this site is in northwest uptown next to I-77, walking distance to public transit (bus service, and City Lynx Gold Streetcar, Irwin Ave station), minutes from the city center, professional sports arenas, museums, Frazier Park, Irwin Creek Greenway, Johnson & Wales University and Johnson C. Smith University.

Exclusively Listed By

Financing By

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