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1028 W 5th St - Uptown Infill Redevelopment 0.34 - 0.62 Acre Commercial Land Lots in Charlotte, NC 28202
Investment Highlights
- Multiple Potential Exit Strategies - Zoning supports mid-rise development approaches including mixed-use concepts
- Strong Growth Fundamentals - One of the top markets in the southeast, Charlotte’s poised for continued population and employment growth
- Flexible Parcel Acquisition Structure - Ownership will consider offers for the full assemblage or individual parcel groupings (Grp A or Grp B)
Executive Summary
Multi-Family
Mixed-Use (e.g. Condo-Hybrid, Furnished Mid-term rentals or Corp Housing, Co-living)
Hospitality-Adjacent Residential (e.g. Extended Stay)
Retail (e.g. Dining or Service-oriented retail supporting walkable activation)
Office (e.g. Medical, Outpatient Clinics, or other Health uses)
Institutional (e.g. Higher Education, Workforce Training)
Data Room Click Here to Access
Property Facts
2 Lots Available
Lot
| Lot Size | 0.62 AC |
| Lot Size | 0.62 AC |
Group A: Improved Lot includes a one parcel with a Vacant MOB and two parcels of Surface parking lots which equates to +/- 0.62 Acre on the southern side of North Sycamore & W 5th St.
Lot
| Lot Size | 0.34 AC |
| Lot Size | 0.34 AC |
Group B: Three Raw Land parcels on the northern side of N. Sycamore & W. 5th St. Currently there is a Billboard on this lot and it faces W. 5th street when traffic is turning off the I-77 exit ramp.
Description
Rare opportunity to acquire an urban infill redevelopment site in the 4th Ward, northwest edge of Uptown Charlotte next to I-77 exit, Irwin Creek greenway, bike lanes, City Lynx Gold street car (Irwin Ave stop). Site is located near two universities: Johnson & Wales and Johnson C Smith, the city’s employment core and entertainment districts. The offering consists of 6 parcels, that total almost an Acre when combined. Groupings of 3 parcels located on each side of N Sycamore Street, provide developers the opportunity to control a visible and well-located site positioned for residential-led multifamily or mixed-use development. The 1028 W 5th St infill redevelopment site is zoned UC-RAC (Uptown Core – Regional Activity Center), permitting multifamily, mixed-use, hospitality, retail, office, and institutional development through administrative site plan approval under Charlotte’s Unified Development Ordinance (UDO). Existing improvements are considered to have no contributory value, allowing developers to pursue immediate redevelopment strategies consistent with the surrounding urban environment. Ownership will consider offers for the full assemblage or individual parcel groups A or B, providing flexibility in acquisition and development strategy. Qualified offers only, call Marsha 954.353.8677 for pricing guidance. For more site details use this link to access full OM details: https://property.creop.com/50124
Property Taxes
| Parcel Numbers | Improvements Assessment | $311,804 CAD | |
| Land Assessment | $6,994,921 CAD | Total Assessment | $7,306,725 CAD |
Property Taxes
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1028 W 5th St - Uptown Infill Redevelopment
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