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400 Oakland Dr

1,500 SF Office Building Lowell, NC 28098 $1,750,000 ($1,167/SF) 8.65% Cap Rate

Office Space North Carolina Lowell 400 Oakland Dr, Lowell, NC 28098

Executive Summary

Zoned Industrial in the red hot area between Charlotte and Belmont, Gaston County. 400 Oakland Dr. 2+acres with 2 buildings, partially leased, 506 Oakland Dr. 7.73 acres adjacent, option for an additional adjacent parcel and land. (info upon request)

Attachments

Oakland Drive Final Survey
400-506 Oakland Dr sale flyer

Property Facts

Sale Type
Investment or Owner User
Sale Condition
Bulk/Portfolio Sale
Property Type
Office
Building Size
1,500 SF
Building Class
C
Year Built
1988
Price
$1,750,000
Price Per SF
$1,167
Cap Rate
8.65%
NOI
$151,450
Tenancy
Single
Building Height
1 Story
Typical Floor Size
1,500 SF
Building FAR
0.02
Land Acres
2.17 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning
IND - INDUSTRIAL ZONING
Parking
8 Spaces (5.33 Spaces per 1,000 SF Leased)

Amenities

  • Fenced Lot
  • Kitchen
  • Storage Space
  • Central Heating
  • Partitioned Offices
  • Air Conditioning
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400 Oakland Dr, Lowell, NC - aerial map view - Image1
400 Oakland Dr, Lowell, NC - aerial map view - Image2
400 Oakland Dr, Lowell, NC - aerial map view - Image3

PROPERTY TAXES

Parcel Numbers
Multiple
  • 127181
  • 220488
 Improvements Assessment $129,180
Land Assessment $51,700 Total Assessment $612,170

PROPERTY TAXES

Parcel Numbers
Multiple
  • 127181
  • 220488
Land Assessment
$51,700
Improvements Assessment
$129,180
Total Assessment
$612,170
(704) 618-1770

  • Listing ID: 26060311

  • Date on Market: 6/30/2022

  • Last Updated:

  • Address: 400 Oakland Dr, Lowell, NC 28098

More public record information on 400 Oakland Dr, Lowell, NC 28098

The Office Property at 400 Oakland Dr, Lowell, NC 28098 is currently available For Sale. Contact Hughes Realty Advisors for more information.

Office PROPERTIES IN NEARBY NEIGHBORHOODS

Nearby Listings

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400 Oakland Dr
(704) 618-1770 x

400 Oakland Dr

Russell Hughes

(704) 618-1770

(704) 618-1770

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