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500 & 510 Queens 500 Queens Rd 18 Unit Apartment Building For Sale Charlotte, NC 28207
Investment Highlights
- Prime development opportunity in affluent Charlotte submarket
- Income-producing existing improvements
Executive Summary
CBRE Private Clients is pleased to present an exclusive opportunity to purchase 500-510 Queens Road, a covered-land assemblage positioned for redevelopment in Charlotte’s
coveted and highly sought-after Myers Park neighborhood. The offering consists of two contiguous short-term rental multifamily buildings located on prestigious Queens Road in the heart of Myers Park. Together, the properties present a rare opportunity to acquire covered-land, assemble and reposition a highly visible site into a boutique, luxury condominium development. The existing improvements provide immediate income, while the combined scale and frontage enable efficient site planning for a best-in-class residential development.
coveted and highly sought-after Myers Park neighborhood. The offering consists of two contiguous short-term rental multifamily buildings located on prestigious Queens Road in the heart of Myers Park. Together, the properties present a rare opportunity to acquire covered-land, assemble and reposition a highly visible site into a boutique, luxury condominium development. The existing improvements provide immediate income, while the combined scale and frontage enable efficient site planning for a best-in-class residential development.
Property Facts
| Sale Type | Investment | Building Class | C |
| Sale Condition | Redevelopment Project | Lot Size | 1.00 AC |
| No. Units | 18 | Building Size | 43,690 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1920 |
| Apartment Style | Low-Rise | Parking Ratio | 0.27/1,000 SF |
| Zoning | R22MF - Neighborhood 2-B (N2-B) | ||
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.00 AC |
| Building Size | 43,690 SF |
| No. Stories | 2 |
| Year Built | 1920 |
| Parking Ratio | 0.27/1,000 SF |
| Zoning | R22MF - Neighborhood 2-B (N2-B) |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Microwave
- Washer/Dryer
- Kitchen
- High Speed Internet Access
- Refrigerator
- Oven
- Wi-Fi
- Office
Site Amenities
- Tenant Controlled HVAC
- Furnished Units Available
- Wi-Fi
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 8 | - | 800 - 910 |
1 1
Very walkable
80/100
Moderately drivable
70/100
Some public transit
40/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 125-233-18 | Improvements Assessment | $255,857 CAD |
| Land Assessment | $0 CAD | Total Assessment | $255,857 CAD |
Property Taxes
Parcel Number
125-233-18
Land Assessment
$0 CAD
Improvements Assessment
$255,857 CAD
Total Assessment
$255,857 CAD
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500 & 510 Queens | 500 Queens Rd
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