For Sale
$10,350,000

1401 Peachtree RdCharlotte, NC 28216

17.58 Acres, 138 Units Planned

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional 17.58-acre land assemblage in Charlotte, NC presents a remarkable investment opportunity for developers and builders. Located at 1401 Peachtree Rd, Mecklenburg County, zip code 28216 (APN 03705102), this property is zoned N1-A and is ideally suited for the construction of 138 townhomes. Detailed plans for the development, envisioning 20' x 50' townhome footprints, have been submitted to the City of Charlotte and are currently undergoing review for Land Disturbance Permits. The property boasts existing water and sewer infrastructure, significantly streamlining the development process. The asking price is $10,350,000, translating to an estimated $75,000 per unit. This rare assemblage offers a unique chance to capitalize on Charlotte's thriving real estate market. The seller is prepared to expedite the process, offering potential for a quicker land disturbance permit takedown. This is a truly exceptional opportunity to acquire a significant parcel of land in a prime location, ready for immediate development. The property's location and infrastructure make it an attractive proposition for investors seeking a high-return, high-growth investment in a rapidly expanding market. Don't miss this chance to secure a stake in Charlotte's booming residential sector.

Highlights

  • Zoned for multifamily development.
  • 138 townhome lots, 20' x 50' footprint each.
  • Land disturbance permits pending; city plan submission in progress.
  • Water and sewer utilities available.
  • Excellent location.
  • Unique assemblage opportunity.

Property Details for 1401 Peachtree Rd

Property type
Land
Lot Size (sq. ft)
765,785 SF

Location Insight

City
Charlotte
County
Mecklenburg
State
North Carolina
Latitude
35.3026722
Longitude
-80.8765581
1401 Peachtree Rd, Charlotte, North Carolina

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1401 Peachtree Rd
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