SUMMARY FACT SHEET

Lake Avenue Properties

This offering is an assemblage of 19 properties bordered by Lake Avenue, Stutson Street and Latta Road.* Approximate square footage is 137,000 sq. ft. or 3.16 acres.

There are a number of occupied structures on these properties, however there are no leases. According to all of the various owners, tenancies are on a month to month basis.

The highest and best use of these properties is for development of a large new commercial enterprise or complex to support the major redevelopment of the Charlotte area. Therefore the properties are valued at their highest and best use and that is land only.

Therefore the value for this assemblage of properties is $20.00 per square foot.

AREA MAP