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    600 Crater St Charlotte, NC 28205

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    For Sale
    Contact for pricing

    Two adjacent lots, ideal development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    This exceptional commercial land offering presents a rare opportunity in Charlotte's desirable Oakhurst neighborhood. Comprising two adjacent parcels, totaling between 0.5 and 1.72 acres, this property boasts a highly advantageous location. Situated just feet from the bustling intersection of Monroe and Wendover Roads, it provides unparalleled visibility and accessibility. The property's B-2/O-2 zoning allows for a diverse range of commercial development possibilities, catering to various business ventures. The convenience of being minutes away from Charlotte's city center further enhances its appeal. The smaller parcel, approximately 0.5 acres, offers immediate development potential, while the option exists to acquire additional adjacent land to expand the total acreage to approximately 1.715 acres. This presents a unique chance to secure a significant footprint in a thriving area. The property's APN numbers are 15906207 and 15906206. This prime location, combined with flexible zoning, makes this an exceptional investment opportunity for developers and entrepreneurs seeking a strategic foothold in Charlotte's dynamic commercial landscape. The address is 600 Crater St, Charlotte, NC 28205, within Mecklenburg County.

    Property Features for 600 Crater St

    General Information

    Property type
    Land
    Lot Size
    21,780 SF

    HighLights

    • Rare opportunity: Two adjacent commercial parcels totaling 0.5 to 1.72 acres in Charlotte's Oakhurst neighborhood.
    • Prime location: High visibility at Monroe & Wendover Roads intersection.
    • Flexible zoning: B‑2/O‑2 zoning allows diverse commercial development.
    • Immediate development potential: Smaller 0.5‑acre parcel ready for development; option to expand to ~1.72 acres.
    • Convenient location: Minutes from Charlotte city center.
    • Property details: APN 15906207 & 15906206; Address: 600 Crater St, Charlotte, NC 28205.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Charlotte
    County
    Mecklenburg
    State
    North Carolina
    Longitude
    -80.7900516
    Latitude
    35.1965125

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    FAQs

    What type of property is this?
    Land - Two adjacent lots, ideal development.
    Where is this land located?
    The property is located at 600 Crater St Charlotte, NC.
    What are key features of this property?
    This property features: Rare opportunity: Two adjacent commercial parcels totaling 0.5 to 1.72 acres in Charlotte's Oakhurst neighborhood.; Prime location: High visibility at Monroe & Wendover Roads intersection.; Flexible zoning: B-2/O-2 zoning allows diverse commercial development.
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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
    600 Crater St Charlotte, NC 28205
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