Charlotte Multifamily Land | 5 Acres
5 Acres for High-Density Residential Development
Marketing description
Parcels 10709112 and 10709103 present an outstanding 5-acre residential development opportunity in a rapidly growing area of northeast Charlotte. Currently zoned residential, Charlotte Planning indicates the property's future land use supports potential rezoning from High N1 to Low N2, allowing for higher-density residential development, including townhomes or apartments.
Strategically located just off W.T. Harris Boulevard and The Plaza, the site offers convenient access to Uptown Charlotte, I-485, and surrounding residential and commercial corridors. Positioned directly across from Grove Park Elementary School and Northridge Middle School, the property benefits from an established neighborhood setting and strong demand drivers for future residential development. A sewer right-of-way traverses the property, supporting future infrastructure planning, while traffic counts of approximately 12,500 AADT on The Plaza and 14,000 AADT on W.T. Harris Boulevard provide excellent accessibility and visibility.
This is an exceptional opportunity for developers seeking an infill residential project in one of Charlotte's expanding growth corridors.
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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