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Property profile & analytics
OFF-MARKET
Commercial real estate

1602 Parkwood Ave Charlotte, NC 28205

0.58 ac lot
Property ID
US53-0188532
Property summary
AI-generated overview

This exceptional 0.58-acre commercial land parcel presents a unique redevelopment opportunity in Charlotte, North Carolina's vibrant Plaza Midwood area. Located at 1602-1606 Parkwood Avenue, this property boasts a highly desirable CG (General Commercial) zoning designation, opening doors to a wide range of commercial development possibilities. The two combined parcels offer significant potential for investors and developers seeking a strategic location within a thriving neighborhood known for its eclectic mix of businesses, restaurants, and residential properties. Its convenient proximity to Plaza Road ensures high visibility and accessibility, making it an ideal site for a variety of commercial ventures. The address is precisely 1602-1606 Parkwood Ave, Charlotte, NC 28205, situated at latitude 35.232233 and longitude -80.808863 within Mecklenburg County. This is a rare chance to acquire a sizable lot in a sought-after area, ripe for revitalization and poised to capitalize on the ongoing growth of the Plaza Midwood district. Detailed zoning information and further development specifics are readily available upon request. Don't miss this exceptional opportunity to secure a prime piece of Charlotte real estate. Serious inquiries only.

Property profile
Verified
Property type Commercial real estate
Lot 0.58 ac (25,265 SF)
UPID US53-0188532
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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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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