Under Contract

Under Contract-Show

7501 Old Statesville Road

Charlotte NC, 28269

$5,500,000


$7.89 per sqft

Under Contract

Under Contract-Show

16 Acres

Land

PRIME LOCATION FOR NEW DEVELOPMENT ON 16.89+/- ACRES WITH OVER 740 FEET OF ROAD FRONTAGE on Old Statesville Road (HWY 115) just south of W T Harris. This site is being sold together with the adjoining properties at 7535 Old Statesville Rd and 5701 Ratcliffe Lane Properties have split zoning; CG and MHP per new UDO. Sellers anticipate developer rezoning and clearing the property. Future City of Charlotte 2040 Area Plan envisions Neighborhood 1 allowing for duplex, triplexes, or quadraplexes. Neighborhood 1 had 3 classifications A, B or C that specify minimum SF area per building unit, setbacks, etc. PROPOSED: RED LINE commuter rail and Community Activity Center with retail, dining and entertainment across Old Statesville Road. Existing mobile home leases will be terminated 30 days prior to closing. Buyer must handle any evictions, trailer abandonment, demolition and removal of remaining personal property. Mobile homes date back to 1958; there are approximately 56 units.

4028607

MLS ID

May 10, 2023

Listed

June 12, 2024

Updated

Map

7501 Old Statesville Road
Charlotte NC, 28269

Exterior/Building Features

Lot Size

16 Acres


Sewer

Public Sewer

School Information

High School

Unspecified


Elementary School

Unspecified

Other Property Details

Days on Market

177


Garage

No


View

No


County

Mecklenburg


Water Source

City


Pool

No


Buyer Agency Compensation

3%

Listing History

Date

Event

Price

11/7/2023

Under Contract

6/23/2023

Price Change

$5,500,000

-21%
Courtesy of Allen Tate Lake Norman with Gretel Howell,
Listing Contact: [email protected] 
 
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