Team Charlotte Realty & Brokerage is pleased to present a value-add investment offering on Ten-X to acquire a multi-building industrial asset with prime positioning in northern Charlotte, North Carolina. 2528-2532 Lucena Street in Charlotte, North Carolina, was delivered in 1958 on a 0.82-acre lot with I2 (general industrial) zoning. The property was previously home to an auto shop, and this asset caters well to an owner/user or an investor looking to lease space in an evolving southern metro. 2528-2532 Lucena Street totals 19,340 square feet across two floors, and there is a sizable parking area for employees and guests.
2528-2532 Lucena Street sits just off N Graham Street, a primary corridor connecting to Downtown Charlotte in less than 10 minutes. N Graham Street sees approximately 15,000 vehicles passing by daily, giving the property great exposure. The property is less than 1 mile from Interstates 77 and 277 and the heavily trafficked Interstate 85 Industrial Corridor is just 2 miles away.

The surrounding 10-mile radius is home to a burgeoning population of more than 785,000 residents. This demographic is highly educated with at least 40% having a bachelor's degree or higher, and the median age is a lively 35-years-old. The 10-mile population has a strong average household income above $93,250 with total specified consumer spending in excess of $9.5 billion, with over $295 million comprising auto maintenance and repair. An investor or an owner/user will have little trouble finding skilled labor as the trade, transportation & utilities work field has over 71,100 workers.

2528-2532 Lucena Street in Charlotte, North Carolina is a prime industrial investment with a strong value-add upside and a strategic location near multiple interstates and Downtown Charlotte.