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100 S Summit Ave
Charlotte, NC 28208
S. Summit Ave. Urban Site · Land For Sale
·
3.85 AC
INVESTMENT HIGHLIGHTS
- Skyline Views, amenity rich micro market
EXECUTIVE SUMMARY
Land is located in FEMA flood zone and will require infrastructure enhancements for vertical development of the property. The building would need to be constructed over a parking deck that would allow the first floor of the deck to flood, as the site is located in a flood plain. The developer would also be required to obtain a "dry land variance" for emergency vehicular access to the property.
PROPERTY FACTS Under Contract
1 LOT AVAILABLE
Lot
| Price | $4,092,830 CAD | Lot Size | 3.85 AC |
| Price Per AC | $1,063,072.75 CAD |
| Price | $4,092,830 CAD |
| Price Per AC | $1,063,072.75 CAD |
| Lot Size | 3.85 AC |
Potential Uses: -Outdoor Sports Courts or Athletic Fields -Community Garden - Event Lawn -Seasonal Sales -Outdoor Entertainment -Outdoor Event Venue -Fitness/Recreation, i.e., CrossFit, sports training, outdoor-focused - Parking Lot
DESCRIPTION
This amenity rich micro market includes hundreds of new multifamily units and an abundance of creative office, retail and restaurants, all within walking distance of the site. Located just off W. Morehead Street with scenic views of Uptown Charlotte and immediate access to I-77 and I-277.
PROPERTY TAXES
| Parcel Number | 067-011-05 | Improvements Assessment | $0 CAD |
| Land Assessment | $1,419,033 CAD | Total Assessment | $1,419,033 CAD |
PROPERTY TAXES
Parcel Number
067-011-05
Land Assessment
$1,419,033 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,419,033 CAD
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