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    000 Floyd Smith Office Park Dr Charlotte, NC 28262

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    For Sale
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    8.95 Acres Near Motor Speedway

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This 8.95-acre commercial land parcel, located at 000 Floyd Smith Office Park Dr in Charlotte, NC (zip code 28262, APN 02954106), presents a compelling development opportunity. Currently zoned O-1 (CD) for office use, the property offers significant potential for rezoning and diverse development options. Its strategic location provides convenient access to major transportation arteries, including Highway 29 (20,000 vehicles per day), Exit 33, and I-485. The site benefits from its proximity to popular Charlotte attractions such as the Charlotte Motor Speedway, Concord Mills Mall, and Concord Regional Airport. Furthermore, the property is adjacent to the recently revitalized Floyd Smith Office Park, which is undergoing significant capital improvements, including renovations slated for completion in Q1 2023. This prime location is experiencing substantial growth, with nearby developments adding over 650 residential units, 70,000+ square feet of retail space, 70,000+ square feet of medical offices, and a 170+ bed hotel. This presents a unique chance to capitalize on the area's expanding infrastructure and increasing demand. The property's size and location make it an ideal investment for developers seeking a high-impact project in a thriving market.

    Property Features for 000 Floyd Smith Office Park Dr

    General Information

    Property type
    Land
    Lot Size
    389,862 SF

    HighLights

    • 8.95‑acre commercial land parcel in Charlotte, NC.
    • Zoned O‑1 (CD), suitable for office use or potential rezoning for other development.
    • Located near Charlotte Motor Speedway, Concord Mills Mall, and Concord Regional Airport.
    • Excellent access to I‑485 (Exit 33) and Hwy 29 (20,000 VPD).
    • Adjacent to a renovated office park with planned capital improvements.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Auto Repair Shop 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
    -80.6971187
    Latitude
    35.3458719

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    FAQs

    What type of property is this?
    Land - 8.95 Acres Near Motor Speedway
    Where is this land located?
    The property is located at 000 Floyd Smith Office Park Dr Charlotte, NC.
    What are key features of this property?
    This property features: 8.95-acre commercial land parcel in Charlotte, NC.; Zoned O-1 (CD), suitable for office use or potential rezoning for other development.; Located near Charlotte Motor Speedway, Concord Mills Mall, and Concord Regional Airport.
    (704) 373-9797
    Request Owner's contact information
    000 Floyd Smith Office Park Dr Charlotte, NC 28262
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    Charlotte, NC 28262
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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
    000 Floyd Smith Office Park Dr Charlotte, NC 28262
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