The Plaza Charlotte
6.62 Acres for High-Density Residential Development
Marketing description
Rare opportunity to acquire three parcels totaling ±6.62 acres in a rapidly growing Charlotte submarket positioned for future residential development. Preliminary guidance from Charlotte Planning indicates the potential rezoning path from high N1 to low N2, supporting increased density for townhomes and multifamily/apartment development. The site is strategically located just off W.T. Harris Blvd and The Plaza, providing excellent accessibility to Charlotte’s major employment, retail, and transportation corridors.
The property benefits from strong surrounding demographics and daily traffic counts, with approximately 12,500 AADT on The Plaza and 14,000 AADT on W.T. Harris Blvd. Situated directly across from Grove Park Elementary School and Northridge Middle School, the location offers strong appeal for future residential users. A sewer right-of-way currently runs through the property, adding utility infrastructure considerations for future development planning. This assemblage presents an exceptional opportunity for developers seeking infill residential land in a high-growth Charlotte market.
Investment highlights
- Charlotte planning says the potential rezoning will be a high N1 to a low N2 for higher density townhomes to apartments.
- Parcels directly across from Grove Park Elementary School and Northridge Middle School
- Sewer right of way running through the property
- Located just off W.T Harris Blvd and The Plaza for convenience to Charlotte and the surrounding area
- AADT 12,500 on The Plaza
- AADT 14,000 on W.T Harris Blvd
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