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    3600 Primrose Ave Charlotte, NC 28208

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    For Sale
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    Prime I-2 zoned land, ideal for industrial development. Opportunity Zone.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 16.2-acre industrial lot presents a compelling investment opportunity in Charlotte, North Carolina. Located in Mecklenburg County, the property boasts convenient access to major transportation arteries, including proximity to I-77 (approximately 2.7 miles), I-85 (approximately 3.2 miles), and I-485 (approximately 5.4 miles). The site is designated as an Opportunity Zone, offering potential tax advantages for qualified investors. The property consists of three parcels with APN numbers 117-103-01, 117-111-58, and 117-111-59, totaling approximately 16.2 acres. The zoning designation is I-2, allowing for a variety of industrial uses. Detailed parcel sizes are as follows: Parcel 117-103-01 encompasses approximately 6.77 acres, Parcel 117-111-58 comprises approximately 8.79 acres, and Parcel 117-111-59 includes approximately 0.64 acres. This expansive lot provides ample space for the development of a significant industrial project, taking advantage of its strategic location and Opportunity Zone status. The property is owned by an NC LLC. The address is 3600 Primrose Ave, Charlotte, NC 28208.

    Property Features for 3600 Primrose Ave

    General Information

    Property type
    Land
    Lot Size
    705,672 SF

    HighLights

    • Excellent highway access: ±2.7 miles to I‑77, ±3.2 miles to I‑85, and ±5.4 miles to I‑485.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Charlotte
    County
    Mecklenburg
    State
    North Carolina
    Longitude
    -80.908111
    Latitude
    35.220887

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    FAQs

    What type of property is this?
    Land - Prime I-2 zoned land, ideal for industrial development. Opportunity Zone.
    Where is this land located?
    The property is located at 3600 Primrose Ave Charlotte, NC.
    What are key features of this property?
    This property features: Excellent highway access: ±2.7 miles to I-77, ±3.2 miles to I-85, and ±5.4 miles to I-485.; ;
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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
    3600 Primrose Ave Charlotte, NC 28208
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