$15,090,000
2666 Monroe Rd
South End · Charlotte, NC 28209
$298/sq ft86 days on market2.5K views109 saves
Key facts
- Interior
- 50,630 sq ft
- Lot
- 3.07 acres
- Year built
- 1982
- Property type
- Hospitality
- Price / sq ft
- $298/sq ft
- Annual taxes
- $153,920
- Days on market
- 86
Getting around
Very Walkable
Some Transit
Bikeable
About this property
Rarely available South End hospitality asset offered free and clear. Zoning and the backup generator leave the door open for a future repositioning.
Investment summary
Investment summary
Cap rate
8.90%
Net operating income ÷ price
Net operating income
$1,343,010
Annual, after operating expenses
Cash-on-cash
+10.3%
$467,238 annual cash flow on $4,527,000 equity
44,554 sq ft leased of 50,630 sq ft
- Tenants
- 2
- Rentable area
- 50,630 sq ft
- Price / sq ft
- $298/sq ft
- WALE
- 2.5 yrs
- Lease type
- Absolute Net
- Building class
- Class B
- Zoning
- CBD
- Parking
- 41 spaces
Cash-on-cash assumes 30% equity, a 6.75% fixed rate and 25-year amortisation — $875,772 of annual debt service. Illustrative only; underwrite with the actual rent roll and operating statements.
Features & amenities
Features & finishes
Outdoor
- Roof Deck Amenity
Systems & Efficiency
- Backup Generator
Parking & Access
- Structured Parking
Highlights
- Conference Center
- Below-Market Rents
- 24/7 Card Access
- Opportunity Zone
- Recent Capital Improvements
- NNN Leases in Place
- Build-to-Suit Ready
Price history
Every listing event recorded for this property.
- Listed
- Pending
- Sold
| Date | Event | Price |
|---|---|---|
| 2020-04-21 | Sold | $10,617,000 |
| 2026-04-30 | Listed | $15,090,000 |
| 2026-07-24 | Pending | $15,090,000 |
Location
South End, Charlotte — Mecklenburg County
Approximate location · South End
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Estimated monthly
$92,739/mo
- Principal & interest81%$75,511
- Property tax14%$12,827
- Home insurance5%$4,401
An estimate, not a quote. Insurance is seeded at 0.35% of the purchase price and excludes mortgage insurance, which most lenders require below 20% down.
Loan amount $12,072,000 · 30 yr · 6.40%