5840 University Pointe Blvd, Charlotte, NC 28262
This 2.39-acre commercial land parcel in Charlotte, North Carolina, presents a unique investment opportunity. Located at 5840 University Pointe Blvd, in Mecklenburg County (zip code 28262), this property boasts a strategic location adjacent to IKEA and other established shopping centers, ensuring high visibility and accessibility. The asking price is $350,000. The property is zoned B-1SCD, allowing for a variety of commercial developments. According to the zoning department, permitted uses include, but are not limited to, hotels and restaurants. Utilities are readily available for connection from the street, simplifying the development process. The property's last assessed city tax value was $691,400. This parcel is available for both sale and ground lease, offering flexibility to potential investors and developers. Its prime location and versatile zoning make it an ideal site for a range of commercial ventures. Consider this exceptional opportunity to capitalize on Charlotte's thriving commercial market.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.