Address
7501 Old Statesville Road, Charlotte, NC
Price
$ 5,500,000
Property Attributes
  • ID#4028607
  • TypeContingent
  • CountyMECKLENBURG
  • CityCharlotte
  • AreaMecklenburg County
  • Zip28269
  • StyleLot
  • Price$ 5,500,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size16 Acres
Data Source:
Canopy MLS
Property Description

PRIME LOCATION FOR NEW DEVELOPMENT ON 16.89+/- ACRES WITH OVER 740 FEET OF ROAD FRONTAGE on Old Statesville Road (HWY 115) just south of W T Harris. This site is being sold together with the adjoining properties at 7535 Old Statesville Rd and 5701 Ratcliffe Lane Properties have split zoning; CG and MHP per new UDO. Sellers anticipate developer rezoning and clearing the property. Future City of Charlotte 2040 Area Plan envisions Neighborhood 1 allowing for duplex, triplexes, or quadraplexes. Neighborhood 1 had 3 classifications A, B or C that specify minimum SF area per building unit, setbacks, etc. PROPOSED: RED LINE commuter rail and Community Activity Center with retail, dining and entertainment across Old Statesville Road. Existing mobile home leases will be terminated 30 days prior to closing. Buyer must handle any evictions, trailer abandonment, demolition and removal of remaining personal property. Mobile homes date back to 1958; there are approximately 56 units.

Elementary School Middle School High School
Unspecified Elementary School Unspecified Middle School Unspecified High School
Price History
5/11/2023 Listed $6,900,000
6/23/2023 21% - $5,500,000

General Features

Sewer Public Sewer
Utilities Cable Available,Gas
Property SubType Lot
Additional Parcels Description 037-214-02
County Mecklenburg
Property Type Land
Possible Use Commercial,Development,Industrial,Multi-Family,Residential,Other - See Remarks
High School Unspecified
City Charlotte
Street Name Old Statesville
Elementary School Unspecified
Middle/Junior High School Unspecified
Standard Status Active Under Contract
CAR_HOASubjectTo None
Restrictions No Representation
Tax Assessed Value 2290100

Interior Features

Street Suffix Road

Exterior Features

Water Source City
Lot Size Area 16
Lot Size Units Acres
Road Frontage Type City Street,State Highway
Road Responsibility Publicly Maintained Road

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Contingent Average in 28269

Price
AVG $450K
$5.5M
Visits
AVG 212
735
Data Provided by Inside Real Estate®

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