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    7420 The Plz Charlotte, NC 28215

    Sponsored
    For Sale
    $3,310,000

    6.62 Acres, Excellent Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 6.62-acre residential land offering presents a unique investment opportunity in Charlotte, North Carolina. Comprised of three parcels (APN: 10709104, 10709112, 10709103), this property is ideally situated at 7420 The Plaza, Charlotte, NC 28215, boasting convenient access to W.T. Harris Blvd. Currently zoned residential, the property is strategically positioned across from Grove Park Elementary School and Northridge Middle School, making it highly attractive for various development projects. The high traffic volume of 12,500 AADT on The Plaza and 14,000 AADT on W.T. Harris Blvd. underscores its prime location and visibility. Furthermore, a sewer right-of-way runs through the property, simplifying infrastructure considerations. The Charlotte planning department is expected to approve N1 or N2 zoning for this location, further enhancing its development potential. This significant land parcel offers substantial upside for investors seeking a prime residential development site in a thriving Charlotte neighborhood. The asking price for this exceptional opportunity is $3,310,000.

    Property Features for 7420 The Plz

    General Information

    Property type
    Land
    Lot Size
    288,367 SF

    HighLights

    • $3,310,000 asking price for 6.62 acres of residential land.
    • Currently zoned residential, with potential for N1 or N2 zoning.
    • Excellent location across from Grove Park Elementary and Northridge Middle schools.
    • Existing sewer right‑of‑way.
    • Convenient access to W.T. Harris Blvd and The Plaza, serving Charlotte and surrounding areas.
    • High traffic counts: 12,500 AADT on The Plaza and 14,000 AADT on W.T. Harris Blvd.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office 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
    -80.7335896
    Latitude
    35.2581423

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    FAQs

    What type of property is this?
    Land - 6.62 Acres, Excellent Location
    Where is this land located?
    The property is located at 7420 The Plz Charlotte, NC.
    What is the asking price?
    The asking price for this property is $3,310,000.
    What are key features of this property?
    This property features: $3,310,000 asking price for 6.62 acres of residential land.; Currently zoned residential, with potential for N1 or N2 zoning.; Excellent location across from Grove Park Elementary and Northridge Middle schools.
    Request Owner's contact information
    7420 The Plz Charlotte, NC 28215
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    Charlotte, NC 28215
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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
    7420 The Plz Charlotte, NC 28215
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