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    4103 Glenwood Dr Charlotte, NC 28208

    Sponsored
    For Sale
    $1,900,000

    1.31 Acres, Prime Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    This 1.31-acre property in Charlotte, NC (Mecklenburg County, zip code 28208), offers a prime development opportunity. The site, encompassing three parcels (APN: 065-071-16, and two others), is zoned N1-C and includes an existing house sold as-is, allowing for immediate redevelopment. Its strategic location, less than half a mile from recently constructed townhomes and within a neighborhood boasting home sales exceeding $800,000, underscores its significant market potential. Proximity to Wesley Heights (2.6 miles), South End (4.2 miles), Charlotte International Airport (5.5 miles), and NoDa (6.4 miles) provides exceptional access to major transportation routes and urban amenities. While a non-approved plan for 19 townhomes exists, the property offers flexibility for various development options, catering to the area's burgeoning demand for new housing. This presents a unique investment opportunity for developers seeking to capitalize on Charlotte's thriving real estate market. The asking price is $1,900,000.

    Property Features for 4103 Glenwood Dr

    General Information

    Property type
    Land
    Lot Size
    57,064 SF

    HighLights

    • 1.31‑acre development site in Charlotte, NC (28208).
    • Three parcels (APN: 065‑071‑16 and two others) zoned N1‑C.
    • Existing house included, sold as‑is.
    • Prime location near high‑end homes and major transportation arteries.
    • Potential for 19 townhomes (plan requires approval); flexible development options.
    • Asking price: $1,900,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Charlotte
    County
    Mecklenburg
    State
    North Carolina
    Longitude
    -80.887331490902
    Latitude
    35.252828692105

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    FAQs

    What type of property is this?
    Land - 1.31 Acres, Prime Location
    Where is this land located?
    The property is located at 4103 Glenwood Dr Charlotte, NC.
    What is the asking price?
    The asking price for this property is $1,900,000.
    What are key features of this property?
    This property features: 1.31-acre development site in Charlotte, NC (28208).; Three parcels (APN: 065-071-16 and two others) zoned N1-C.; Existing house included, sold as-is.
    Request Owner's contact information
    4103 Glenwood Dr Charlotte, NC 28208
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    Charlotte, NC 28208
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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
    4103 Glenwood Dr Charlotte, NC 28208
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