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    Rocky Riv Rd / Plz Rd Ext Charlotte, NC 28215

    Sponsored
    For Sale
    $2,000,000

    1.23 Acres, Prime Development Site

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 1.23-acre commercial land parcel presents a remarkable investment opportunity in Charlotte, North Carolina. Strategically located near the intersection of Rocky River Road and Plaza Road Extension, with convenient access to I-485 at Exit 36, this site boasts high visibility and exceptional accessibility. The property is situated in a rapidly developing area with significant traffic counts, making it ideal for a variety of commercial ventures. Proposed uses include hotel, office, or multi-family development. The site's proximity to Atrium Health (formerly Carolinas Healthcare) Harrisburg, a 24-hour emergency hospital, further enhances its appeal. Water and sewer services are readily available. The asking price is $2,000,000. Additional cross streets include Brookdale Drive. This prime location offers significant potential for substantial returns. The property's size and location make it an attractive option for developers seeking a high-impact project in a thriving area of Charlotte. Serious inquiries are encouraged.

    Property Features for 0 Rocky Riv Rd / Plz Rd Ext

    General Information

    Property type
    Land
    Lot Size
    53,579 SF

    HighLights

    • Price: Available Upon Request
    • Total Land Area: 1.23 Acres
    • Proposed Development: Hotel and Multifamily Residential
    • Cross Streets: Plaza Road Extension / Brookdale Drive
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Charlotte
    County
    Mecklenburg
    State
    North Carolina
    Longitude
    -80.670661
    Latitude
    35.2844642

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    FAQs

    What type of property is this?
    Land - 1.23 Acres, Prime Development Site
    Where is this land located?
    The property is located at Rocky Riv Rd / Plz Rd Ext Charlotte, NC.
    What is the asking price?
    The asking price for this property is $2,000,000.
    What are key features of this property?
    This property features: Price: Available Upon Request; Total Land Area: 1.23 Acres; Proposed Development: Hotel and Multifamily Residential
    (704) 375-1000
    Request Owner's contact information
    Rocky Riv Rd / Plz Rd Ext 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
    Rocky Riv Rd / Plz Rd Ext Charlotte, NC 28215
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