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    505 Beatties Ford Rd Charlotte, NC 28216

    Sponsored
    For Sale
    $4,500,000

    Prime Charlotte mixed-use land, Gold Line access.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 0.84-acre assemblage at 505 Beatties Ford Road, Charlotte, NC 28216, presents a compelling redevelopment opportunity. Situated at the intersection of Beatties Ford Road and French Street, this property boasts a highly desirable location directly on the new Gold Line Trolley, offering unparalleled access to public transportation. The site is zoned NC and falls within an Opportunity Zone, providing significant tax advantages for investors. The land's value is assessed at $55 per square foot. This multi-parcel site (APN: 06903322, 06903302, 06903303, 06903304, 06903305, 06903306) is offered at $4,500,000 fee simple. The property's strategic location benefits from high pedestrian traffic due to the recently constructed French Street Trolley Station and is surrounded by significant ongoing redevelopment projects. This makes it ideal for a variety of mixed-use developments, capitalizing on the area's revitalization and the increased accessibility provided by the Gold Line. The property's potential is further enhanced by its designation as an Opportunity Zone, offering attractive tax incentives for qualified investors. This is a rare chance to acquire a substantial parcel in a rapidly growing area of Charlotte.

    Property Features for 505 Beatties Ford Rd

    General Information

    Property type
    Individual retail properties
    Lot Size
    36,590 SF

    HighLights

    • 0.84‑acre assemblage at 505 Beatties Ford Rd, Charlotte, NC 28216, offered at $4,500,000 fee simple.
    • High pedestrian traffic due to new French Street Trolley Station.
    • Significant redevelopment underway in the immediate area.
    • Located in an Opportunity Zone, offering tax advantages.
    Property Profile Location Intelligence

    Current Use by Public Records

    Mamageesastnight Restaurant

    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
    -80.857044
    Latitude
    35.2470644

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    FAQs

    What type of property is this?
    Individual retail property - Prime Charlotte mixed-use land, Gold Line access.
    Where is this individual retail property located?
    The property is located at 505 Beatties Ford Rd Charlotte, NC.
    What is the asking price?
    The asking price for this property is $4,500,000.
    What are key features of this property?
    This property features: 0.84-acre assemblage at 505 Beatties Ford Rd, Charlotte, NC 28216, offered at $4,500,000 fee simple.; High pedestrian traffic due to new French Street Trolley Station.; Significant redevelopment underway in the immediate area.
    Request Owner's contact information
    505 Beatties Ford Rd Charlotte, NC 28216
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    Charlotte, NC 28216
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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
    505 Beatties Ford Rd Charlotte, NC 28216
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