1945 Sharon Amity RdCharlotte, NC 28205

Property Details for 1945 Sharon Amity Rd

Year built

1925

Lot size

0.42 AC

Property size (Sq ft)

898 SF

Zone code

O-2

Property type

Office buildings

APN

16110709

APU

16110709

Description

This exceptional .43-acre commercial lot in Charlotte, NC, presents a unique investment opportunity. Located at 1945 N Sharon Amity Rd, this cleared and leveled parcel boasts a prime location near a high-traffic intersection, experiencing approximately 20,000 vehicles daily, ensuring excellent visibility. The property's Office Flex Campus (OFC) zoning offers remarkable versatility, accommodating a wide range of uses. Potential developments include residential (single-family homes, duplexes, hotels), healthcare (medical offices, wellness centers), community spaces (cultural facilities, schools), business and office spaces (office buildings, R&D facilities), retail and entertainment (restaurants, shops), and support services (parking lots). The high daily traffic count and flexible zoning create an unparalleled opportunity for long-term success in a rapidly growing area of Charlotte. The APN is 16110709. This property is priced at $375,000. The land value is estimated between $900,000 and $1,000,000 per square foot. This is a truly exceptional opportunity for developers seeking a high-visibility location with diverse development potential.

• CAP approach

  CAP return

  Valuation

  6%

  $241,973

  6.5%

  $223,360

  7%

  $207,405

• Comparable approach

  Method

  Valuation

  Relative Method

  $152,067

  Geo Method

  $152,067

• Alternative Use

  Use

  Valuation

  Residential

  $276,966

  Hospitality

  $253,699

  Educational

  $211,075

  Medical

  $218,334

  Retail

  $328,339

Location Insight

City

Charlotte

County

Mecklenburg

State

North Carolina

Latitude

35.1884

Longitude

-80.7738

CBSA code

16740

CBSA name

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

Property Tax & Assessments

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