7501 Old Statesville Road Charlotte, NC $ 5,500,000
7501 Old Statesville Road
$ 5,500,000
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7501 Old Statesville Road

Charlotte, NC, 28269
$ 5,500,000
Baths0.0

Monthly Estimate*

$ 38,419

7501 Old Statesville Road, Charlotte, NC 28269 - Image 1
7501 Old Statesville Road, Charlotte, NC 28269 - Image 2
Studio

Lots and Land for sale in Charlotte, NC

for $5,500,000. The lot size is 16.

PRIME LOCATION FOR NEW DEVELOPMENT ON 16.89+/- ACRES WITH OVER 740 FEET OF ROAD FRONTAGE on Old Statesville Road (HWY 115) just south of W T Harris. This site is being sold together with the adjoining properties at 7535 Old Statesville Rd and 5701 Ratcliffe Lane Properties have split zoning; CG and MHP per new UDO. Sellers anticipate developer rezoning and clearing the property. Future City of Charlotte 2040 Area Plan envisions Neighborhood 1 allowing for duplex, triplexes, or quadraplexes. Neighborhood 1 had 3 classifications A, B or C that specify minimum SF area per building unit, setbacks, etc. PROPOSED: RED LINE commuter rail and Community Activity Center with retail, dining and entertainment across Old Statesville Road. Existing mobile home leases will be terminated 30 days prior to closing. Buyer must handle any evictions, trailer abandonment, demolition and removal of remaining personal property. Mobile homes date back to 1958; there are approximately 56 units.

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Lots and Land Contingent

Price

$ 5,500,000

Bedrooms

Studio

Property Type

Lots and Land

Taxes

$ 0

Style

Lot

Lot Size

16

Town/City

Charlotte

County/Region

Mecklenburg

MLS | Web ID

4028607

Features
General
Sewer Public Sewer
Utilities Cable Available Gas
Property SubType Lot
Additional Parcels Description 037-214-02
County Mecklenburg
Property Type Land
Possible Use Commercial Development Industrial Multi-Family Residential Other - See Remarks
High School Unspecified
City Charlotte
Street Name Old Statesville
Elementary School Unspecified
Middle/Junior High School Unspecified
Standard Status Active Under Contract
Restrictions No Representation
Tax Assessed Value 2290100
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Exterior
Water Source City
Lot Size Area 16
Lot Size Units Acres
Road Frontage Type City Street State Highway
Road Responsibility Publicly Maintained Road
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Interior
Street Suffix Road
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Internal Only
Street Number 1 7501
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* Excluded Features
List By
Allen Tate Lake Norman

Broker

Affordability Calculator

$38,419
Per Month
100%
0%
0%
Monthly Principal & Interest
$38,419
Monthly Property Taxes
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Monthly Home Insurance
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Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
1081546 Elementary School
1081540 Middle School
Unspecified High School High School
Pricing History
DatePricePrice ChangeDescription
6/23/2023$5,500,000 -20.29% Price Down
5/11/2023$6,900,000 Listed Price

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7501 Old Statesville Road, Charlotte, NC, 28269 is a Lots and Land for sale at $5,500,000 with a lot size of 16. 7501 Old Statesville Road is a studio with 0.0 baths. The property's zip code is 28269 which is in Charlotte, NC