2900 Wilkinson BlvdCharlotte, NC 28208

Property Details for 2900 Wilkinson Blvd

Year built

1961

Lot size

0.58 AC

Property size (Sq ft)

1,508 SF

Zone code

B-2

Property type

Retail properties

Property subtype

Turn key restaurants

APN

6706804

APU

6706804

Description

This exceptional investment opportunity encompasses four parcels totaling 1.76 acres on bustling Wilkinson Blvd in Charlotte, NC. The property includes the location of the renowned BBQ King restaurant, established in 1961, a true Charlotte landmark. The combined frontage boasts 245.6 feet on Wilkinson Blvd and 255.54 feet on Weyland Avenue. Currently zoned CG (General Commercial), the property presents significant potential for redevelopment. The 2040 Comprehensive Plan designates the area for possible rezoning to a Transit-Oriented Development (TOD) or Community Activity Center (CAC) district, subject to city council approval. This prime location benefits from high traffic volume (32,679 vehicles daily) and proximity to numerous amenities, including a recently constructed Dunkin' Donuts, ABC Store, QT, 7-Eleven, Parker Veterinary Hospital, and Fire Department Station 10. The proposed Lynx SilverLine Light Rail will further enhance the area's accessibility and desirability. Parcel numbers are #06706804, #06706803, #06706806, and #06706816. This is a rare chance to acquire a significant piece of Charlotte's evolving commercial landscape, ideal for new development or expansion. The asking price is $3,900,000. The property is situated in an Opportunity Zone.

• CAP approach

  CAP return

  Valuation

  6%

  $517,960

  6.5%

  $478,117

  7%

  $443,966

• Comparable approach

  Method

  Valuation

  Relative Method

  $643,519

  Geo Method

  $643,519

• Alternative Use

  Use

  Valuation

  Residential

  $403,310

  Hospitality

  $369,430

  Educational

  $307,361

  Medical

  $317,932

  Retail

  $478,117

Location Insight

City

Charlotte

County

Mecklenburg

State

North Carolina

Latitude

35.2246

Longitude

-80.889

CBSA code

16740

CBSA name

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

Property Tax & Assessments

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