Date
Details
Price
Change
Source
3/02/2026
Listed
$4,960,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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Property Description
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.
Full Property Details
Full Property Details for 1016 Devore Ln
General
- Price: $4,960,000
- Status: Active
- Type: Commercial
- Source: Charlotte_Regional_Realtor_Association
- MLS ID: 4352561
- Updated: 3/3/2026
- Added to Site: 1 day(s) ago
Interior
- Flooring: Concrete
Location
- County: Mecklenburg
- City Limits: Yes
Heating & Cooling
- Cooling Type: Central Air, Gas
Utilities
- Sewer: Public Sewer
- Water: City
- Utility Description: Cable Connected, Electricity Connected, Natural Gas
Structural Information
- Minimum Avail: 40,000 Sq. Ft.
- Year Built: 2016
Lot Features
- Street/Road Desc.: Other
- Lot Features: Level
Financial Considerations
- Terms: Cash, Conventional, Exchange
Disclosures and Reports
- Restrictions: Other - See Remarks
- Inclusions: Building, Land
- Property ID: 193-521-10
- Lot Number: 30611/902
Listed by NAI Allen Tate Beverly-Hanks Commercial
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Listing agent
— 1016 Devore Ln —
NAI Allen Tate Beverly-Hanks Commercial
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 1016 Devore Ln
School District:Charlotte-Mecklenburg Schools
| Name | Grades | Distance |
|---|---|---|
Mint Hill Middle School 11501 Idlewild Road, Matthews, NC 28105 | 6-8 | 1.7 mi |
David W Butler High 1810 Matthews-Mint Hill Road, Matthews, NC 28105 | 9-12 | 0.6 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1016 Devore Ln
Tax History
Tax History for 1016 Devore Ln
Year
Property Taxes
Change
Tax Assessment
Change
2023
$4,267
100%
$576,900
100%
2023
100%
100%
2022
100%
-100%
2021
-100%
$384,700
—
2020
$3,450
—
$384,700
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1016 Devore Ln
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- Single Family
- Active
- Updated 20 hours ago
- 3Beds
- 3Total Baths
- Single Family
- Active
- Updated 4 days ago
- 3Beds
- 3Total Baths
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1016 Devore Lane, Matthews, NC 28105 (MLS# 4352561) is a Commercial property. 1016 Devore Lane is currently listed for $4,960,000 and was received on March 02, 2026. Want to learn more about 1016 Devore Lane? Do you have questions about finding other Commercial real estate for sale in Matthews? You can browse all Matthews real estate or contact a Coldwell Banker agent to request more information.