1016 Devore Lane Matthews, NC $ 4,775,000
1016 Devore Lane
$ 4,775,000
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1016 Devore Lane

Matthews, NC, 28105
$ 4,775,000
Bedrooms-- Baths--

Monthly Estimate*

$ 32,980

1016 Devore Lane, Matthews, NC 28105 - Image 1

Commercial Property for sale in Matthews, NC

for $4,775,000. This building was built in 2016 on a lot size of 4.15.

Outstanding investment opportunity in the retail hub of Matthews. The tenant, Pike's Nursery, is a national chain with the parent organization 135 years old. The absolute net lease has 11 years remaining on the first term, with multiple additional option periods. The structure was build in 2016. In March, 2027, the rent will increase by 10%, creating a capitalization rate of 6.5%. This property is located within a few minutes of virtually every retailer of note and 4,000 apartment units.

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Commercial Active

Price

$ 4,775,000

Property Type

Commercial

Taxes

$ 0

Style

Retail

Lot Size

4.15

Year Built

2016

Town/City

Matthews

County/Region

Mecklenburg

MLS | Web ID

4352561

Features
General
Sewer Public Sewer
Cooling Central Air Gas
Utilities Cable Connected Electricity Connected Natural Gas
Year Built 2016
Stories Count 1
Property Subtype Retail
Parcel Number 193-521-10
County Mecklenburg
New Construction N
Property Type Commercial Sale
HOA N
Possible Use Commercial
City Matthews
Senior Community Y/N N
Lot Size Units Acres
Carport Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Virtual Tour https://track.pstmrk.it/3s/paul-bosko-photography-video.aryeo.com%2Fsites%2F1016-devore-ln-matthews-nc-28105-22665202%2Fbranded/cUpU/e9DDAQ/AQ/7c74757f-6418-4f7f-b63f-656a4071b05f/2/bhUlHv8joS https://track.pstmrk.it/3s/paul-bosko-photography-video.aryeo.com%2Fsites%2F1016-devore-ln-matthews-nc-28105-22665202%2Fbranded/cUpU/e9DDAQ/AQ/7c74757f-6418-4f7f-b63f-656a4071b05f/2/bhUlHv8joS
Standard Status Active
Restrictions Other - See Remarks
Tax Assessed Value 4344700
Listing Terms Cash Conventional Exchange
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Interior
Flooring Concrete
Basement (Y/N) N
Below Grade Finished Area 0
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Exterior
Lot Features Level
Water Source City
Inclusions Building Land
Lot Size Area 4.15
Road Surface Type Other
Road Responsibility Publicly Maintained Road
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Internal Only
Street Number 1 1016
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* Excluded Features
List By
Nai Beverly-Hanks

Broker

Affordability Calculator

$32,980
Per Month
100%
0%
0%
Monthly Principal & Interest
$32,980
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
294628 Elementary School
294724 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
9/8/2026$4,775,000 -3.73% Price Down
3/3/2026$4,960,000 Listed Price

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1016 Devore Lane, Matthews, NC, 28105 is a Commercial Property for sale at $4,775,000 with a lot size of 4.15. 1016 Devore Lane was built in 2016. The property's zip code is 28105 which is in Matthews, NC