Share This Listing

Message

947 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

226 Fairwood Ave
Charlotte, NC 28203
230 Fairwood · Retail Property For Sale

Save this listing!

Favourite this listing to get notified of price updates, new media and more

INVESTMENT HIGHLIGHTS

  • Great location!

EXECUTIVE SUMMARY

Rebel Rebel Urban Retail Advisors is pleased to present the opportunity to acquire 230 Fairwood Avenue,
a 4,006 RSF, free-standing, adaptive re-use property in Charlotte’s booming South End neighborhood.
Originally built in 1978 and redeveloped from 2018 - 2019, 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 9+ 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 230 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 0.172 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 230 & 225 Fairwood as a package deal.

PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Auto Repair
Building Size
1,980 SF
Building Class
B
Year Built
1978
Tenancy
Single
Building Height
1 Story
Building FAR
0.27
Lot Size
0.17 AC
Zoning
TOD-UC
Parking
4 Spaces (2.02 Spaces per 1,000 SF Leased)
Frontage
48’ on Fairwood Ave

AMENITIES

  • Bus Line
  • Freeway Visibility
  • Signage

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
147-011-81
Land Assessment
$836,873 CAD
Improvements Assessment
$536,128 CAD
Total Assessment
$1,373,001 CAD
  • Listing ID: 33777543

  • Date on Market: 2024-11-06

  • Last Updated:

  • Address: 226 Fairwood Ave, Charlotte, NC 28203

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}