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    1633 Arrowood Rd Charlotte, NC 28217

    Sponsored
    For Sale
    $2,100,000

    2.96 Acres, Hotel/Retail Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional 2.96-acre commercial land parcel in Charlotte, NC, presents a unique development opportunity. Located at 1633 W Arrowood Rd, in Mecklenburg County (zip code 28217), this property boasts an OFC zoning designation. Its strategic location at the intersection of Interstates 77 and 485 provides unparalleled accessibility to major thoroughfares and affluent residential areas including Uptown, Midtown/South End, SouthPark, Ballantyne, Fort Mill, and Berewick. The site is also minutes from abundant dining, shopping, and lodging options, and enjoys convenient proximity to Charlotte Douglas International Airport. Pre-approved plans exist for a 95-room, four-story dual-brand Wyndham hotel, although alternative uses or hotel flags will be considered. This offering presents a compelling investment opportunity for developers seeking a prime location with existing approvals and significant upside potential. The asking price is $2,100,000.

    Property Features for 1633 Arrowood Rd

    General Information

    Property type
    Land
    Lot Size
    128,938 SF

    HighLights

    • 2.96‑acre commercial land parcel in Charlotte, NC.
    • Located at 1633 W Arrowood Rd, Mecklenburg County, zip code 28217, with OFC zoning.
    • Prime location at I‑77 and I‑485 intersection, offering excellent access to major areas and amenities.
    • Pre‑approved plans for a 95‑room, four‑story dual‑brand Wyndham hotel; alternative uses considered.
    • Asking price: $2,100,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Charlotte
    County
    Mecklenburg
    State
    North Carolina
    Longitude
    -80.918156594333
    Latitude
    35.142653512056

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    FAQs

    What type of property is this?
    Land - 2.96 Acres, Hotel/Retail Potential
    Where is this land located?
    The property is located at 1633 Arrowood Rd Charlotte, NC.
    What is the asking price?
    The asking price for this property is $2,100,000.
    What are key features of this property?
    This property features: 2.96-acre commercial land parcel in Charlotte, NC.; Located at 1633 W Arrowood Rd, Mecklenburg County, zip code 28217, with OFC zoning.; Prime location at I-77 and I-485 intersection, offering excellent access to major areas and amenities.
    (704) 724-3330
    Request Owner's contact information
    1633 Arrowood Rd Charlotte, NC 28217
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    Charlotte, NC 28217
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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
    1633 Arrowood Rd Charlotte, NC 28217
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