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    51 At Fairview Rd Hwy 218 Mint Hill, NC 28227

    Sponsored
    For Sale
    $525,000

    .842 Acres, High Traffic Area, Excellent Investment

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 0.842-acre residential land parcel presents a unique investment opportunity in the thriving Mint Hill area of Charlotte, North Carolina. Strategically located at the intersection of Blair Road (Highway 51) and Fairview Road (Highway 218), this property benefits from exceptional visibility and high traffic volume, boasting an estimated 18,000 vehicles per day on Highway 51. The asking price of $525,000 represents a significant below-market value, making this a compelling proposition for developers or investors seeking a prime location for residential development. The property's address is Blair Road (Hwy 51) at Fairview Road (Hwy 218), in Mecklenburg County, zip code 28227. Its convenient location offers easy access to major roadways and amenities, enhancing its appeal and potential for future growth. The substantial lot size provides ample space for a variety of residential projects, catering to the increasing demand for housing in this desirable area. This is a rare opportunity to acquire a well-positioned land parcel at a significantly reduced price, offering substantial potential for return on investment. Don't miss this chance to secure a piece of prime real estate in a rapidly growing market. The property is zoned for residential use.

    Property Features for 51 At Fairview Rd Hwy 218

    General Information

    Property type
    Land
    Lot Size
    36,678 SF

    HighLights

    • Exceptional Value: $565,000 Sales Price.
    • High Traffic Count: 18,000 Vehicles Per Day on Highway 51.
    • Significantly Reduced Price: Now $595,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Mint Hill
    County
    Mecklenburg
    State
    North Carolina
    Longitude
    -80.6474941
    Latitude
    35.1801723

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    FAQs

    What type of property is this?
    Land - .842 Acres, High Traffic Area, Excellent Investment
    Where is this land located?
    The property is located at 51 At Fairview Rd Hwy 218 Mint Hill, NC.
    What is the asking price?
    The asking price for this property is $525,000.
    What are key features of this property?
    This property features: Exceptional Value: $565,000 Sales Price.; High Traffic Count: 18,000 Vehicles Per Day on Highway 51.; Significantly Reduced Price: Now $595,000.
    (704) 927-2881
    Request Owner's contact information
    51 At Fairview Rd Hwy 218 Mint Hill, NC 28227
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    Mint Hill, NC 28227
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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
    51 At Fairview Rd Hwy 218 Mint Hill, NC 28227
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