Address
7535 Old Statesville Road, Charlotte, NC
Price
$ 5,500,000
Property Attributes
  • ID#4028629
  • TypeContingent
  • CountyMECKLENBURG
  • CityCharlotte
  • AreaMecklenburg County
  • Zip28269
  • StyleBusiness
  • 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.

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
Year Built 1931
Property SubType Business
Additional Parcels Description 037-214-01
County Mecklenburg
New Construction No
Property Type Commercial Sale
Possible Use Commercial,Development,Industrial,Multi-Family,Other - See Remarks
Directions I-77 EXIT 16,Turn EAST on W T Harris Blvd. TR on Old Statesville Road.
City Charlotte
Street Name Old Statesville
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
Inclusions Land
Lot Size Area 16
Lot Size Units Acres
Road Responsibility Publicly Maintained Road
Road Frontage 740

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
551
Data Provided by Inside Real Estate®
Year Built
AVG 1999
1931

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