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7516 The Plaza
Charlotte, NC 28215
Charlotte Multifamily Land | 5 Acres · Land For Sale
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5.00 AC
Investment Highlights
- Currently zoned residential - Charlotte planning says the potential rezoning will be a high N1 to a low N2 for higher density townhomes to apartments
- Sewer right of way running through the property
- AADT 12,500 on The Plaza
- Parcels directly across from Grove Park Elementary School and Northridge Middle School
- Located just off W.T Harris Blvd and The Plaza for convenience to Charlotte and the surrounding area
- AADT 14,000 on W.T Harris Blvd
Executive Summary
Property Facts
1 Lot Available
Lot
| Price | $2,462,250 CAD | Lot Size | 5.00 AC |
| Price Per AC | $492,449.98 CAD |
| Price | $2,462,250 CAD |
| Price Per AC | $492,449.98 CAD |
| Lot Size | 5.00 AC |
Parcels 10709112 and 10709103 present an outstanding 5-acre residential development opportunity in a rapidly growing area of northeast Charlotte. Currently zoned residential, Charlotte Planning indicates the property's future land use supports potent
Description
Parcels 10709112 and 10709103 present an outstanding 5-acre residential development opportunity in a rapidly growing area of northeast Charlotte. Currently zoned residential, Charlotte Planning indicates the property's future land use supports potential rezoning from High N1 to Low N2, allowing for higher-density residential development, including townhomes or apartments. Strategically located just off W.T. Harris Boulevard and The Plaza, the site offers convenient access to Uptown Charlotte, I-485, and surrounding residential and commercial corridors. Positioned directly across from Grove Park Elementary School and Northridge Middle School, the property benefits from an established neighborhood setting and strong demand drivers for future residential development. A sewer right-of-way traverses the property, supporting future infrastructure planning, while traffic counts of approximately 12,500 AADT on The Plaza and 14,000 AADT on W.T. Harris Boulevard provide excellent accessibility and visibility. This is an exceptional opportunity for developers seeking an infill residential project in one of Charlotte's expanding growth corridors.
Property Taxes
| Parcel Numbers | Improvements Assessment | $474,237 CAD | |
| Land Assessment | $848,613 CAD | Total Assessment | $1,322,851 CAD |
Property Taxes
