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    5514 Grafton Pl Charlotte, NC 28212

    For Sale
    $1,700,000

    Prime .98-acre lot, charming house, high potential.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    316
    This exceptional 0.98-acre property in Charlotte, NC, presents a unique investment opportunity. The site encompasses two lots facing Albemarle Road, currently zoned R17MF, and a charming house located at 5514 Grafton Place. The house, built in 1952 and relocated to the property in the 1960s, boasts numerous handcrafted features, adding character and potential for adaptive reuse. The vacant lots offer significant development potential, subject to rezoning, making this ideal for apartments or commercial ventures. The property benefits from city water, sewer, and natural gas connections to the house lot. Prospective buyers should independently verify the availability of utilities for the vacant lots with the City of Charlotte

    Property Features for 5514 Grafton Pl

    General Information

    Property type
    Retail properties
    Lot Size
    42,689 SF

    Building Details

    Year Built
    1952
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail properties

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Charlotte
    County
    Mecklenburg
    State
    North Carolina
    Longitude
    -80.75552
    Latitude
    35.20261

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    FAQs

    What type of property is this?
    Retail property - Prime .98-acre lot, charming house, high potential.
    Where is this retail property located?
    The property is located at 5514 Grafton Pl Charlotte, NC.
    What is the asking price?
    The asking price for this property is $1,700,000.
    (704) 888-1812
    Request Owner's contact information
    5514 Grafton Pl Charlotte, NC 28212
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    Charlotte, NC 28212
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5514 Grafton Pl Charlotte, NC 28212
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