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    OFF-MARKET
    Land

    000 Floyd Smith Office Park Dr, Charlotte, NC 28262

    8.95 ac lot
    Property ID
    Property summary
    AI-generated overview

    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 profile
    Verified
    Property type Land
    Lot 8.95 ac (389,862 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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