7420 The Plz Charlotte, NC 28215
- Commercial real estate
- 6.62 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 7420 The Plz
- Lot size
- 6.62 lot acres
- Property type
- Commercial real estate
- APN
- 10709104, 10709112, 10709103
Description
This exceptional 6.62-acre residential land offering presents a unique investment opportunity in Charlotte, North Carolina. Comprised of three parcels (APN: 10709104, 10709112, 10709103), this property is ideally situated at 7420 The Plaza, Charlotte, NC 28215, boasting convenient access to W.T. Harris Blvd. Currently zoned residential, the property is strategically positioned across from Grove Park Elementary School and Northridge Middle School, making it highly attractive for various development projects. The high traffic volume of 12,500 AADT on The Plaza and 14,000 AADT on W.T. Harris Blvd. underscores its prime location and visibility. Furthermore, a sewer right-of-way runs through the property, simplifying infrastructure considerations. The Charlotte planning department is expected to approve N1 or N2 zoning for this location, further enhancing its development potential. This significant land parcel offers substantial upside for investors seeking a prime residential development site in a thriving Charlotte neighborhood. The asking price for this exceptional opportunity is $3,310,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Charlotte
- County
- Mecklenburg
- State
- North Carolina
- Longitude
- -80.7335896
- Latitude
- 35.2581423
