505 Beatties Ford RdCharlotte, NC 28216

Property Details for 505 Beatties Ford Rd

Year built

1965

Lot size

0.19 AC

Property size (Sq ft)

1,600 SF

Zone code

B-1

Property type

Retail properties

Property subtype

Retail space

APN

6903302

APU

6903302

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $549,560

  6.5%

  $507,286

  7%

  $471,052

• Comparable approach

  Method

  Valuation

  Relative Method

  $682,779

  Geo Method

  $682,779

• Alternative Use

  Use

  Valuation

  Residential

  $427,915

  Hospitality

  $391,968

  Educational

  $326,113

  Medical

  $337,328

  Retail

  $507,286

Location Insight

City

Charlotte

County

Mecklenburg

State

North Carolina

Latitude

35.247

Longitude

-80.857

CBSA code

16740

CBSA name

CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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