Property summary
This exceptional investment opportunity encompasses four parcels totaling 1.76 acres on bustling Wilkinson Blvd in Charlotte, NC. The property includes the location of the renowned BBQ King restaurant, established in 1961, a true Charlotte landmark. The combined frontage boasts 245.6 feet on Wilkinson Blvd and 255.54 feet on Weyland Avenue. Currently zoned CG (General Commercial), the property presents significant potential for redevelopment. The 2040 Comprehensive Plan designates the area for possible rezoning to a Transit-Oriented Development (TOD) or Community Activity Center (CAC) district, subject to city council approval. This prime location benefits from high traffic volume (32,679 vehicles daily) and proximity to numerous amenities, including a recently constructed Dunkin' Donuts, ABC Store, QT, 7-Eleven, Parker Veterinary Hospital, and Fire Department Station 10. The proposed Lynx SilverLine Light Rail will further enhance the area's accessibility and desirability. Parcel numbers are #06706804, #06706803, #06706806, and #06706816. This is a rare chance to acquire a significant piece of Charlotte's evolving commercial landscape, ideal for new development or expansion. The asking price is $3,900,000. The property is situated in an Opportunity Zone.
Property profile
VerifiedCap rate & NOI
Current use
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Restaurant
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
B-2 · Charlotte, NCZoning
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Zoning designation
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