5105 Reagan Drive
$2,850,000
5105 Reagan Drive Charlotte, NC 28206
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About this listing
DESCRIPTION
This 10,085 SF multi-tenant retail/flex building, located between I-85 and Uptown Charlotte, offers a rare opportunity in a high-demand market with surrounding centers at 98% occupancy. The property is well-positioned for lease-up, repositioning, or an owner-user seeking a strong foothold in a growing corridor. Its versatile layout makes it ideal for a range of uses—from wellness, and community outreach centers to neighborhood markets, nonprofits, or event space—presenting a chance for an operator with vision to positively impact the community while benefiting from long-term area growth.
HIGHLIGHTS
- 10,085 SF Multi-Tenant Retail/Flex Building High Vacancy Ideal for Owner-User or Value-Add Investor Upside Through Lease-Up & Repositioning $250,000 in Recent Renovations-15 Upgraded Office Spaces Gated Parking Lot with Security Features New HVAC Ductwork Installed Light Value-Add Potential Versatile Floor Plan Renovated Units with Tile Floors & Chandeliers, Suitable for Event or Flex Use Recently signed 3 NNN leases with options. Only 2 units left to lease - 60% leased Current NOI $156,770 Proforma NOI $254,874 (8.94% CAP Rate) Parcel ID 08707301
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Building Size
10,085 sqft
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Lot Area
1 acres
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Year Built
1994
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Zoning
CG
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Parking Spots
36
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Year Last Renovated
2022
Details
- • Lot Size: 1-2 Acres
- • Age: 31-40 Years Old
