7501 Old Statesville Road, Charlotte NC, 28269

Under Contract

7501 Old Statesville Road

Charlotte NC, 28269

$5,500,000

$7.89 per sqft

Under Contract

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

November 7, 2023

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
Parking: No
View: No
County: Mecklenburg
Water Source: City
Pool: No

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, Gretel Howell

Listing Contact: [email protected]

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