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618 E Morehead St 0.43 Acres of Commercial Land Offered at $5,812,428 CAD in Charlotte, NC 28203
Investment Highlights
- A TOP PERFORMING MARKET NATIONALLY
- HIGH-BARRIER-TO-ENTRY INFILL LOCATION
- RETAIL, DINING & LIFESTYLE AMENITY CONCENTRATION
Executive Summary
PREMIER EAST MOREHEAD URBAN CORRIDOR
- East Morehead Street serves as one of Charlotte’s primary east-west thoroughfares connecting Uptown, South End, Dilworth, and Myers Park
- Immediate proximity to Uptown Charlotte (±1.0 mile) and South End (±1.5 miles), two of the city’s largest employment and lifestyle hubs
- Corridor characterized by dense infill development & adaptive reuse projects
HIGH-BARRIER-TO-ENTRY INFILL LOCATION
- East Morehead Street is largely built out with limited remaining developable land due to historic neighborhoods, zoning constraints, and institutional ownership
- Scarcity of vacant parcels creates meaningful barriers to entry and supports long-term land value appreciation
- Replacement land opportunities within the corridor are extremely limited
DENSE AND AFFLUENT INFILL DEMOGRAPHICS
- 1-mile demographics include an Average Household Income exceeding $130,000 and a population of approximately 16,000+ residents
- Surrounding neighborhoods include Dilworth, Myers Park, and South End--Charlotte’s highest income submarkets
- Area supports a strong renter-by-choice and young urban professional population base
FLEXIBLE DEVELOPMENT POTENTIAL
- NC zoning is intended for neighborhood centers allowing for a wide range of uses
- Developers can pursue up to roughly 4–5 (potentially 6) stories, medical office, professional office, boutique hotel (with conditions), retail/restaurant, and residential over retail
- Recent residential development across the street
RETAIL, DINING & LIFESTYLE AMENITY CONCENTRATION
- Over 2 million SF of retail space within a 1-mile radius
- Nearby amenities include South End dining, Dilworth neighborhood retail, Freedom Park, and the Little Sugar Creek Greenway
- Area consistently ranks among Charlotte’s most walkable and amenity-rich urban environments
A TOP PERFORMING MARKET NATIONALLY
- Charlotte MSA has added more than 215K people from 2020 to 2024, making it the 5th fastest growing city in the country
- The Charlotte, NC region is expected to add 1.5 million residents and reach 4.5M by 2050
- East Morehead Street serves as one of Charlotte’s primary east-west thoroughfares connecting Uptown, South End, Dilworth, and Myers Park
- Immediate proximity to Uptown Charlotte (±1.0 mile) and South End (±1.5 miles), two of the city’s largest employment and lifestyle hubs
- Corridor characterized by dense infill development & adaptive reuse projects
HIGH-BARRIER-TO-ENTRY INFILL LOCATION
- East Morehead Street is largely built out with limited remaining developable land due to historic neighborhoods, zoning constraints, and institutional ownership
- Scarcity of vacant parcels creates meaningful barriers to entry and supports long-term land value appreciation
- Replacement land opportunities within the corridor are extremely limited
DENSE AND AFFLUENT INFILL DEMOGRAPHICS
- 1-mile demographics include an Average Household Income exceeding $130,000 and a population of approximately 16,000+ residents
- Surrounding neighborhoods include Dilworth, Myers Park, and South End--Charlotte’s highest income submarkets
- Area supports a strong renter-by-choice and young urban professional population base
FLEXIBLE DEVELOPMENT POTENTIAL
- NC zoning is intended for neighborhood centers allowing for a wide range of uses
- Developers can pursue up to roughly 4–5 (potentially 6) stories, medical office, professional office, boutique hotel (with conditions), retail/restaurant, and residential over retail
- Recent residential development across the street
RETAIL, DINING & LIFESTYLE AMENITY CONCENTRATION
- Over 2 million SF of retail space within a 1-mile radius
- Nearby amenities include South End dining, Dilworth neighborhood retail, Freedom Park, and the Little Sugar Creek Greenway
- Area consistently ranks among Charlotte’s most walkable and amenity-rich urban environments
A TOP PERFORMING MARKET NATIONALLY
- Charlotte MSA has added more than 215K people from 2020 to 2024, making it the 5th fastest growing city in the country
- The Charlotte, NC region is expected to add 1.5 million residents and reach 4.5M by 2050
Property Facts
| Price | $5,812,428 CAD | Property Type | Land |
| Sale Type | Investment | Property Subtype | Commercial |
| No. Lots | 1 | Total Lot Size | 0.43 AC |
| Zoning | NC | ||
| Price | $5,812,428 CAD |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 0.43 AC |
| Zoning | NC |
1 Lot Available
Lot
| Price | $5,812,428 CAD | Lot Size | 0.43 AC |
| Price Per AC | $13,517,273.30 CAD |
| Price | $5,812,428 CAD |
| Price Per AC | $13,517,273.30 CAD |
| Lot Size | 0.43 AC |
1 1
Transit Score®
Excellent Transit (70)
Property Taxes
| Parcel Number | 123-023-08 | Improvements Assessment | $0 CAD |
| Land Assessment | $4,580,676 CAD | Total Assessment | $4,580,676 CAD |
Property Taxes
Parcel Number
123-023-08
Land Assessment
$4,580,676 CAD
Improvements Assessment
$0 CAD
Total Assessment
$4,580,676 CAD
Contacts
-
Mike Lucier -
David Hoppe -
Ben Olmstead -
Roy Crain -
Ben McCarter -
Connor Kuchman -
Atlantic Capital Partners
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