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    OFF-MARKET
    Land

    5840 University Pointe Blvd, Charlotte, NC 28262

    2.39 ac lot
    Property ID
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Land
    Lot 2.39 ac (104,108 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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