801 Kenilworth Ave Charlotte, NC 28204-2830
- Banks
- 3,897 SF
- 0.77 lot acres
Current Use by Public Records
- ATM (Wells Fargo Bank) / Atm
Property Details for 801 Kenilworth Ave
- Year built
- 1970
- Lot size
- 0.77 lot acres
- Property size
- 3,897 SF
- Zone code
- O-2
- Property type
- Banks
- APN
- 12521201
- APU
- 12521201
Description
This exceptional 1.26-acre development opportunity is located in Charlotte's highly sought-after Midtown area, at the intersection of Kenilworth Avenue and Harding Place. The property boasts a recently updated CAC-2 (Community Activity Center-2) zoning designation, permitting by-right development for a wide array of uses, including office, medical office, and apartments up to 120 feet in height. Utilizing the City of Charlotte's Urban Development Ordinance bonus system, an additional 80 feet of height is achievable, potentially allowing for a building up to 200 feet tall. This prime location offers unparalleled access to Uptown Charlotte's robust employment base, including major employers like Wells Fargo, Bank of America, and Duke Energy. Its proximity to the Pearl Innovation District, a $1.5 billion mixed-use development featuring Charlotte's first four-year medical school, further enhances its investment potential. The site's "gateway to Uptown" location provides excellent walkability to numerous restaurants, amenities, and the Morehead neighborhood. Nearby, Atrium Health Carolinas Medical Center (with over 1,100 employees and a recent 1.1 million square foot expansion) and major retail centers like Metropolitan and Midtown Crossing (featuring Target, Best Buy, and more) offer strong supporting demographics. The average household income in the Midtown area is $176,390, reflecting a robust and affluent market. The property includes three addresses: 801 Kenilworth Ave, 1301 Harding Pl, and 1309 Harding Pl, all in Charlotte, NC 28204. The site's total square footage potential ranges from 1,680 to 3,897 square feet, depending on the development plan. The APN numbers are 12521201
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $5,670,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $5,495,000
- 6.5%
- $5,250,000
- 7%
- $5,705,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $5,005,000
- Geo Method
- $6,330,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $6,180,000
- Retail
- $6,480,000
- Mixed-Use
- $6,210,000
- Hospitality
- $6,490,000
- Educational
- $6,270,000
- Residential Income
- $5,595,000
- Energy
- $6,480,000
- Income-Based Land
- $6,235,000
- Food Service
- $5,655,000
Location Insight
- Map
- Local Demand
- City
- Charlotte
- County
- Mecklenburg
- State
- North Carolina
- Longitude
- -80.8379
- Latitude
- 35.2094
- CBSA code
- 16740
- CBSA name
- CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA
