For Sale
$4,500,000

505 Beatties Ford RdCharlotte, NC 28216

Prime Charlotte mixed-use land, Gold Line access.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional 0.84-acre assemblage at 505 Beatties Ford Road, Charlotte, NC 28216, presents a compelling redevelopment opportunity. Situated at the intersection of Beatties Ford Road and French Street, this property boasts a highly desirable location directly on the new Gold Line Trolley, offering unparalleled access to public transportation. The site is zoned NC and falls within an Opportunity Zone, providing significant tax advantages for investors. The land's value is assessed at $55 per square foot. This multi-parcel site (APN: 06903322, 06903302, 06903303, 06903304, 06903305, 06903306) is offered at $4,500,000 fee simple. The property's strategic location benefits from high pedestrian traffic due to the recently constructed French Street Trolley Station and is surrounded by significant ongoing redevelopment projects. This makes it ideal for a variety of mixed-use developments, capitalizing on the area's revitalization and the increased accessibility provided by the Gold Line. The property's potential is further enhanced by its designation as an Opportunity Zone, offering attractive tax incentives for qualified investors. This is a rare chance to acquire a substantial parcel in a rapidly growing area of Charlotte.

Highlights

  • 0.84-acre assemblage at 505 Beatties Ford Rd, Charlotte, NC 28216, offered at $4,500,000 fee simple.
  • High pedestrian traffic due to new French Street Trolley Station.
  • Significant redevelopment underway in the immediate area.
  • Located in an Opportunity Zone, offering tax advantages.

Property Details for 505 Beatties Ford Rd

Property type
Retail properties, Mixed-use properties
Lot Size (sq. ft)
36,590 SF

Location Insight

City
Charlotte
County
Mecklenburg
State
North Carolina
Latitude
35.2470644
Longitude
-80.857044
505 Beatties Ford Rd, Charlotte, North Carolina

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505 Beatties Ford Rd
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