1401 Peachtree RdCharlotte, NC 28216

Property Details for 1401 Peachtree Rd

Lot size

17.58 AC

Property type

Residential income properties

Property subtype

Other land

Description

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.

Location Insight

City

Charlotte

County

Mecklenburg

State

North Carolina

Latitude

35.3027

Longitude

-80.8766

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