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    OFF-MARKET
    Commercial real estate

    10524 Connell Rd, Mint Hill, NC 28227

    51.5 ac lot
    Property ID
    US53-1832508
    Property summary
    AI-generated overview

    This exceptional 51.5-acre commercial land parcel, located at 10524 Connell Rd in Mint Hill, North Carolina (zip code 28227), presents a unique investment opportunity. The property, identified by APN 139-082-02, is priced at $2,950,000, translating to $56,408 per acre. Currently zoned "R" for single-family housing, it offers minimum lot sizes of 30,000 square feet with 135-foot lot widths. City water is available, although sewer service is not accessible in this area for residential development. The site boasts excellent topography, with only approximately two acres designated as floodplain. Its strategic location just off I-485 at the Hwy 51 Blair Road exit provides easy access to major transportation routes and is proximate to existing shopping centers and a significant new residential development. Water access is available on Connell Road (approximately 1,100 feet) and Blair Road (approximately 1,830 feet). This property offers substantial potential for various commercial ventures, given its size, location, and access to key infrastructure. Serious inquiries are encouraged.

    Property profile
    Verified
    Property type Commercial real estate
    Lot 51.5 ac (2,243,340 SF)
    APN 139-082-02
    UPID US53-1832508
    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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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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