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    OFF-MARKET
    Land

    00 Mallard Creek Rd, Charlotte, NC 28262

    0.8 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 0.8-acre commercial land parcel presents a unique development opportunity in Charlotte, NC, near Concord Mills. Located at 00 Mallard Creek Road, zip code 28262, this property (APN 029-181-08) is currently zoned residential but offers significant potential for commercial use, subject to rezoning. Its strategic location places it within easy reach of bustling shopping centers, a variety of restaurants, and thriving multifamily residential developments, indicating a strong existing and growing market. The seller has owned the property for at least one year. Existing infrastructure includes readily available power lines and access to Charlotte's water system, significantly reducing development hurdles. The surrounding area is experiencing rapid expansion, making this an ideal investment for businesses seeking to capitalize on the dynamic local economy. This is a rare chance to acquire a well-situated lot in a high-growth area, poised for significant future value appreciation. The asking price is $650,000. Serious inquiries only.

    Property profile
    Verified
    Property type Land
    Lot 0.8 ac (34,848 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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