3733 Freedom DrCharlotte, NC 28208

Property Details for 3733 Freedom Dr

Year built

2007

Lot size

0.40 AC

Property size (Sq ft)

225 SF

Zone code

B-2

Property type

Office buildings

APN

5901316

APU

5901316

Description

This exceptional 1.05-acre commercial land parcel in Charlotte, North Carolina, presents a compelling redevelopment opportunity. Located at 3733 Freedom Dr, in Mecklenburg County (zip code 28208), this property boasts a highly visible location with significant frontage on both Freedom Drive and Edgewood Road. The site features a hard corner location with a signalized interchange directly off I-85, ensuring high traffic visibility and accessibility. Freedom Drive sees an impressive 26,000 average daily traffic counts (ADT). The property includes five parcels (Parcel IDs: 05901316, 05901319, 05901320, 05901301, and 05901302) totaling approximately 1.04 acres, subject to rezoning. With 280 feet of frontage on Freedom Drive and four curb cuts, plus an additional 260 feet of frontage on Edgewood Road and one curb cut, this site offers unparalleled potential for a variety of commercial developments. The asking price is $1,599,900. This is a rare chance to acquire a strategically positioned commercial land parcel in a thriving Charlotte location.

• CAP approach

  CAP return

  Valuation

  6%

  $52,573

  6.5%

  $48,529

  7%

  $45,062

• Comparable approach

  Method

  Valuation

  Relative Method

  $38,102

  Geo Method

  $38,102

• Alternative Use

  Use

  Valuation

  Residential

  $60,176

  Hospitality

  $55,120

  Educational

  $45,860

  Medical

  $47,437

  Retail

  $71,337

Location Insight

City

Charlotte

County

Mecklenburg

State

North Carolina

Latitude

35.2497

Longitude

-80.8986

CBSA code

16740

CBSA name

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

Property Tax & Assessments

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