Charlotte · Commercial sale
Novant Properties buys 1801 E 5th St in Charlotte for $4.25 million
An office building at 1801 E 5th St, Charlotte sold for $4,250,000 on August 31, 2026. See the seller and buyer net sheets for this sale.
- Sale price
- $4,250,000
- Recorded
- August 31, 2026
- Property type
- Office building
- Building area
- 13,594 sq ft
- Price per sq ft
- $313
- Year built
- 1925
The $4,250,000 sale price for an office building at 1801 E 5th St in Charlotte is 29% above its most recent earlier sale on record, $3,300,000 in 2021, according to the Mecklenburg County Assessor.
The price is indicated by the transfer tax paid on a special warranty deed recorded August 31, 2026 with the Mecklenburg County Register of Deeds, according to the Assessor. The recorder's index lists Novant Properties LLC as the buyer.
Assessor records show 13,594 square feet of building area, a 1925 construction date and a 0.51-acre lot; the price works out to $313 per square foot. The market value on record is $3,329,400, and the sale price is 28% above that.
What this sale costs to close
What does closing cost at this price? Under Mecklenburg County custom the seller's larger charges are $8,500 for the excise tax on conveyances (revenue stamps) and $300 for the seller's attorney fee. The seller's estimated net is $4,219,934 before brokerage commissions and any loan payoff. A cash buyer would need about $4,238,175 at closing.
Source: Mecklenburg County Assessor, parcel sales, document 40687-718. The price is the one indicated by the transfer tax paid; it may not be the actual sale price. Property details: Mecklenburg County Assessor. Net sheets are estimates from the NetSheet.org rules engine, not the parties' actual closing statements. Request a correction or removal.
