Available

Redevelopment Opportunity

8701 JW Clay Blvd, Charlotte, NC 28262

5,038 SF

Total GLA

$2,350,000

Asking Price

0.558 AC

Land Size

Property Overview

Overview

8701 JW Clay Boulevard, formerly occupied by Mattress Firm, is a 5,038 SF building situated on 0.558-acre hard-corner parcel that offers a compelling redevelopment opportunity. Positioned near I-85, W W.T. Harris Boulevard, and N. Tryon Street, the site benefits from strong visibility and connectivity, proximity to UNC Charlotte, and a five-mile trade area of approximately 231,000 residents. The property offers flexibility for a ground-up build-to-suit, single-tenant reuse, or multi-tenant retail redevelopment.

Property Details

Property Highlights

Address	8701 JW Clay Blvd, Charlotte, NC 28262
Year Built	1995
Total GLA	5,038 SF
Total Land Size	±0.558 Acres
Parking	25 Spaces
Pin	04720144
Asking Price	$2,350,000

Why This Deal

Investment Highlights

Multiple Value-Add Opportunities

8701 JW Clay Blvd offers multiple avenues for value creation, supported by its visibility along a well-trafficked corridor and strategic hard-corner location. Prospective purchasers can pursue redeveloping the site or backfilling the existing building with a single tenant or multiple smaller shop tenants.

Advantageous Positioning

The property is strategically located at the crossroads of I-85 (144K VPD), W W. T. Harris Boulevard (58K VPD), and N. Tryon Street (26K VPD). Additionally, the City of Charlotte is building a new bridge over I-85 ($50M+ investment) that will unlock broader connectivity to University Research Park.

Nearby Nationally Recognized Retailers

The asset benefits from its proximity to a diverse lineup of nationally recognized tenants, including Ross Dress for Less, Michaels, Office Depot, Guitar Center, and Sam’s Club, which helps to promote a strong cross-shopping environment.

University Place Development

The property is positioned within the broader University Place development, which is home to NOVEL University Place (308 apartments), Charlotte Mecklenburg Library ($40M investment), Hilton Charlotte University Place (393 rooms), and more.

Robust Demographics

There are 231K people within a five-mile radius of the property, which are supported by an average household income of $104K, exemplifying strong surrounding demographics.