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225 Fairwood Ave
Charlotte, NC 28203
Retail Property For Sale


INVESTMENT HIGHLIGHTS
- Tenant occupied investment opportunity
- Can be sold as a portfolio of properties with 230 Fairwood
EXECUTIVE SUMMARY
Rebel Rebel Urban Retail Advisors is pleased to present the opportunity to acquire 225 Fairwood Avenue, a 14,807 RSF, free-standing, adaptive re-use property in Charlotte’s booming South End neighborhood. Originally built in 1954 and redeveloped in 2022, this former service station is symbolic of South End’s remarkable transformation from a former industrial corridor into one of the most sought-after urban-lifestyle destinations in the Southeast.
The property is fully occupied by a single lease with 4+ years of term remaining and healthy in-place rents. South End’s increasing tenant demand for free-standing, adaptive re-use product with convenient walkability and light rail proximity will continue to put upward pressure on market rental rates resulting in long-term values continuing to outpace in-place lease escalations, providing investors with the rare opportunity to secure a highly sought-after position in one of the hottest corridors in the country.
South End is one of the most highly desired, dynamic neighborhoods in the United States. The LYNX light-rail, located just two blocks from the property, was a catalyst for the growth and continued success of South End and defines 225 Fairwood Ave as a pedestrian friendly and transit-oriented destination. The walkability and variety of retail businesses in the Fairwood Ave corridor make it a haven for consumers seeking a mix of offerings.
The Property sits on 0.508 acres with TOD-UC (Transit Oriented Destination – Urban Center) zoning designation, the most accommodating and highest density designation among the TOD zoning districts. Building heights are permissible up to 130 feet, with taller buildings potentially reaching 300 feet through
a height bonus. The property offers long-term cash flow but also presents future redevelopment
opportunities as the area continues to grow and densify.
Opportunity to purchase 225 Fairwood & 230 Fairwood in a single sale.
The property is fully occupied by a single lease with 4+ years of term remaining and healthy in-place rents. South End’s increasing tenant demand for free-standing, adaptive re-use product with convenient walkability and light rail proximity will continue to put upward pressure on market rental rates resulting in long-term values continuing to outpace in-place lease escalations, providing investors with the rare opportunity to secure a highly sought-after position in one of the hottest corridors in the country.
South End is one of the most highly desired, dynamic neighborhoods in the United States. The LYNX light-rail, located just two blocks from the property, was a catalyst for the growth and continued success of South End and defines 225 Fairwood Ave as a pedestrian friendly and transit-oriented destination. The walkability and variety of retail businesses in the Fairwood Ave corridor make it a haven for consumers seeking a mix of offerings.
The Property sits on 0.508 acres with TOD-UC (Transit Oriented Destination – Urban Center) zoning designation, the most accommodating and highest density designation among the TOD zoning districts. Building heights are permissible up to 130 feet, with taller buildings potentially reaching 300 feet through
a height bonus. The property offers long-term cash flow but also presents future redevelopment
opportunities as the area continues to grow and densify.
Opportunity to purchase 225 Fairwood & 230 Fairwood in a single sale.
PROPERTY FACTS
Sale Type
Investment
Property Type
Building Size
14,807 SF
Building Class
B
LoopNet Rating
4 Star
Year Built
2022
Tenancy
Single
Building Height
2 Stories
Loading Docks
1 Exterior
Building FAR
0.67
Lot Size
0.51 AC
Zoning
TOD-UC - TOD-UC (Transit Oriented Destination – Urban Center)
PROPERTY TAXES
| Parcel Number | 147-013-05 | Improvements Assessment | $971,848 CAD |
| Land Assessment | $2,667,787 CAD | Total Assessment | $3,639,635 CAD |
PROPERTY TAXES
Parcel Number
147-013-05
Land Assessment
$2,667,787 CAD
Improvements Assessment
$971,848 CAD
Total Assessment
$3,639,635 CAD
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