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Investment Highlights

  • Convenient Location: Only 2.6 miles to Wesley Heights, 4.2 miles to Southend, 5.5 miles to Charlotte Airport, and 6.4 miles to NoDa.
  • High Market Value: Nearby homes selling for $800,000+, with new developments less than ¾ mile away.
  • Fast-Growing Area: Located in one of Charlotte’s most in-demand neighborhoods.
  • .78-Acre Site: Includes 2 parcels (IDs: #065-071-03, #065-071-02) and an existing house (as-is).
  • Development Potential: Non-approved plan for 19 townhomes with flexibility for other option.
  • Investor Opportunity: Prime location with excellent growth and appreciation potential.

Executive Summary

Rare opportunity in a rapidly evolving Charlotte location!
NOTE: Separate adjacent/nearby parcel at 4103 Glenwood Dr is listed independently and may be available for purchase in conjunction with this property. Contact listing agent for details. PARCEL ID: 06507116
This property includes a single-family home situated on approximately 0.487 acres (Parcel 065-07-103) and is being sold together with an adjacent 0.294-acre parcel (Parcel 065-07-102), offering a combined total of approximately 0.78 acres.
The additional parcel provides exceptional potential for expansion, new construction, or redevelopment (buyer to verify permitted uses).
The home is being sold AS-IS making it an ideal opportunity for investors, builders, or buyers seeking land value with future upside.
Conveniently located with easy access to major roadways including I-85 and I-77, and just minutes from Uptown Charlotte, NoDa, and Plaza Midwood. Surrounded by ongoing development, new construction, and continued growth, this area presents strong long-term potential. Opportunities with this much land in a developing corridor are increasingly limited.
Located just 2.6mi from Wesley Heights, 4.2 mi from Southend, 5.5 mi from Charlotte International Airport, 6.4 mi from NoDa, this property is ideally positioned to take advantage of the area's rapid growth and increasing demand for new housing. The site is less than ¾ mile from newly developed townhomes and is in a neighborhood where homes are selling for $800,000 and above—further reinforcing the area's strong market potential.
While there is a non-approved plan for 19 townhomes, the property offers flexibility for a range of development options. With its prime location near major transportation routes, urban amenities, and high-value residential neighborhoods, this is a unique opportunity for developers looking to capitalize on Charlotte’s flourishing real estate market.
Act now and secure your place in one of Charlotte’s most promising development corridors!

Attachments

NEW LISTING PDF

Property Facts

Price $516,040 CAD
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Residential
Proposed Use
Multifamily
  • Neighbourhood Centre
  • Planned Unit Development
Total Lot Size 0.78 AC
Opportunity Zone Yes
Zoning N1-C - Residential dwellings

1 Lot Available

Lot 06507103

Price $516,040 CAD
Price Per AC $661,589.76 CAD
Lot Size 0.78 AC

Sale includes two parcels: 065-07-103 (home) and 065-07-102 (vacant lot). Both parcels to be sold together. Home sold as-is. No repairs/credits to be made by seller. Agent to verify all information such as zoning, subdivision potential, and permitted

Description

**Prime Multi Family Development Opportunity in Charlotte, NC - .78Acres (2 Parcels)** Parcels: #065-071-03, #065-071-02 This.78 acre site, consisting of two separate parcels, presents an exceptional opportunity for development in one of Charlotte’s fastest-growing areas. One of the parcels includes an existing house, which is being sold *as-is*, offering potential for immediate redevelopment. Additional assemblage potential available with 4103 Glenwood Dr, which may be included as part of a larger acquisition. PARCEL ID: 06507103 Located just 2.6mi from Wesley Heights, 4.2 mi from Southend, 5.5 mi from Charlotte International Airport, 6.4 mi from NoDa, this property is ideally positioned to take advantage of the area's rapid growth and increasing demand for new housing. The site is less than ¾ mile from newly developed townhomes and is in a neighborhood where homes are selling for $800,000 and above—further reinforcing the area's strong market potential. While there is a non-approved plan for 19 townhomes, the property offers flexibility for a range of development options. With its prime location near major transportation routes, urban amenities, and high-value residential neighborhoods, this is a unique opportunity for developers looking to capitalize on Charlotte’s flourishing real estate market. Act now and secure your place in one of Charlotte’s most promising development corridors!

Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
20/100
Somewhat bikeable
30/100

Property Taxes

Property Taxes

Parcel Number
065-071-02
Land Assessment
$67,024 CAD
Improvements Assessment
$0 CAD
Total Assessment
$67,024 CAD
  • Listing ID: 33797255

  • Date on Market: 2024-11-07

  • Last Updated:

  • Address: 717 Tennyson Dr, Charlotte, NC 28208

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