801 Kenilworth Ave Charlotte, NC 28204-2830
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
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ATM (Wells Fargo Bank) Atm
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
O-2 · Charlotte, NCCharlotte. Always verify with local authorities before improvements.
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Risks
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