7535 Old Statesville Road Charlotte, NC $ 5,500,000
7535 Old Statesville Road
$ 5,500,000
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7535 Old Statesville Road

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

Monthly Estimate*

$ 38,419

7535 Old Statesville Road, Charlotte, NC 28269 - Image 1
7535 Old Statesville Road, Charlotte, NC 28269 - Image 2
Studio

Commercial Property for sale in Charlotte, NC

for $5,500,000. This building was built in 1931 on a lot size of 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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Commercial Contingent

Price

$ 5,500,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 0

Style

Business

Lot Size

16

Year Built

1931

Town/City

Charlotte

County/Region

Mecklenburg

MLS | Web ID

4028629

Features
General
Sewer Public Sewer
Utilities Cable Available Gas
Year Built 1931
Property SubType Business
Additional Parcels Description 037-214-01
County Mecklenburg
New Construction N
Property Type Commercial Sale
Possible Use Commercial Development Industrial Multi-Family Other - See Remarks
Directions I-77 EXIT 16 Turn EAST on W T Harris Blvd. TR on Old Statesville Road.
City Charlotte
Street Name Old Statesville
Standard Status Active Under Contract
Restrictions No Representation
Tax Assessed Value 2290100
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Exterior
Water Source City
Inclusions Land
Lot Size Area 16
Lot Size Units Acres
Road Responsibility Publicly Maintained Road
Road Frontage 740
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Interior
Street Suffix Road
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Internal Only
Street Number 1 7535
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* Excluded Features
List By
Allen Tate Lake Norman

Broker

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$38,419
Per Month
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Monthly Principal & Interest
$38,419
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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
294628 Elementary School
294724 Middle School
Unknown 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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7535 Old Statesville Road, Charlotte, NC, 28269 is a Commercial Property for sale at $5,500,000 with a lot size of 16. 7535 Old Statesville Road is a studio with 0.0 baths and was built in 1931. The property's zip code is 28269 which is in Charlotte, NC