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Property profile & analytics
OFF-MARKET
Commercial real estate

1800 West Blvd Charlotte, NC 28208

1.36 ac lot
Property ID
US53-5513222
Property summary
AI-generated overview

This exceptional 1.36-acre parcel, located at 1800 West Blvd in Charlotte, North Carolina, presents a remarkable opportunity for multifamily development. The property boasts a prime location in Mecklenburg County, with the APN 1702208. Its N2-B zoning permits the construction of multifamily residential units. A significant advantage is the high traffic volume, with an Annual Average Daily Traffic (AADT) of 19,000 vehicles on West Boulevard in 2022, ensuring excellent visibility and accessibility. The land's size and zoning allow for a substantial development project. Preliminary plans suggest the potential for approximately fourteen apartments averaging 900 square feet each, and eleven 20x44 townhomes, each including a single-car garage. This presents a unique chance to capitalize on the growing demand for residential housing in a vibrant Charlotte neighborhood. The asking price for this exceptional development opportunity is $395,000. The property's strategic location and zoning make it an ideal investment for developers seeking to create a thriving multifamily community. This is a rare opportunity to acquire a sizable parcel in a high-demand area of Charlotte. Don't miss out on this chance to build your next successful project.

Property profile
Verified
Property type Commercial real estate
Lot 1.36 ac (59,242 SF)
APN 1702208
UPID US53-5513222
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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