3.31 AC Development Opportunity in N

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3.31 AC Development Opportunity in N

Charlotte, NC 28206
Asking Price
Contact for price
Asset Type
Land
Class
Class B

What's Special

This 3.31-acre land parcel is located in North Charlotte, situated within a rapidly transitioning submarket characterized by a mix of established industrial facilities and new residential growth. The property offers direct proximity to the I-77 and I-485 interchange, providing efficient logistical access to the greater Charlotte metropolitan area and Charlotte Douglas International Airport. Local amenities include various retail centers along the Statesville Road corridor and nearby public transit links. The topography is generally level, featuring significant frontage on a high-visibility thoroughfare. The site is suited for commercial development, including light industrial, flex-space, or last-mile distribution centers. Its zoning and location support a tenant profile consisting of regional logistics providers, trade contractors, or equipment rental services requiring outdoor storage and highway proximity. Additionally, the surrounding residential expansion may support neighborhood-scale commercial uses or multi-family projects, subject to rezoning. The acreage provides sufficient footprint for anchored structures complemented by expansive surface parking or secure laydown yards.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

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