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27203686
32720376

8620 Research Dr, Charlotte, NC 28262

AP
NC 351488, GA 428443 (+1)
Northmarq
Listed by Northmarq
$2,900,000
251 days on market
Updated 14 days ago

Land Opportunity | 3.07 AC Total

Details
Property Type Hospitality, Land (+1)
Sub Type Hotel, Storefront (+1)
Acreage 1 - 3
Zoning CAC-1(EX) | Community Activity Center 1
Ground Lease No

Hard Corner Lot at Signalized Intersection (44,500+ VPD) | Ideal University Research Park Location

Marketing description

Northmarq, as exclusive agent, is pleased to present to qualified investors the opportunity to acquire the fee simple interest in a premier development site located at 8620 Research Drive in Charlotte's high-growth University Research Park submarket. Totaling 3.07 acres and zoned CAC-1 (Community Activity Center 1), the property represents a highly flexible development opportunity well-suited for a wide range of uses, including retail, restaurant, medical, office, hotel, and childcare. Site plan and building permit approval for a two-pad configuration is well underway, providing an expedited entitlement timeline, with full flexibility to pursue an alternative use or configuration. The property has the potential to accommodate a ground lease, build-to-suit, or owner-user scenario, including a build-to-suit arrangement with The Learning Experience, a national childcare operator.

Situated at a signalized intersection with 44,500+ VPD on W.T. Harris Boulevard, the site offers exceptional visibility and access across from Wells Fargo's Customer Information Center and IBM Innovation Park. Nearby demand drivers include Atrium Health University City (130 beds), The Shoppes at University Place, UNC Charlotte (31,000+ students), and Griffith Lakes, a 400-acre residential development with over 780 homes. University Research Park spans 2,600 acres and includes more than 75 companies and 20,000 employees. The submarket benefits from direct rail access to Uptown via the LYNX Blue Line and continues to attract major institutional investment. Recent expansions by TIAA, Centene, and Allstate reflect sustained demand across healthcare, tech, and finance.

Investment highlights

Prime Development Opportunity | Hard Corner Lot

Ideally Situated Development Site | Hard Corner Lot Totaling 3.07 AC at a Signalized Intersection on W W.T. Harris Blvd (44,500+ VPD)

Highly Flexible Zoning | Numerous Development Options

CAC-1 (Community Activity Center 1) Zoning | Wide Range of Permitted Uses Including Retail, Restaurant, Medical, Office, Hotel, Childcare & More

Expedited Development Timeline Option | Utilities In Place

All Utilities Available Including Water Main Taps | Potential to Subdivide | Approved Site Plans Available | Childcare Build-to-Suit Option Available

Ideal Location in High-Growth Area

Immediate Surrounding Area is Home to Over 20 Fortune 500 Companies Including Wells Fargo CIC, Vanguard, TIAA, & More

High Barriers-to-Entry Submarket

Over 11,000 Multi-Family Units within a 1.5 Mile Radius | Numerous Corporate Offices & Hotels in Immediate Surrounding Area

Strong Demand for Retail Properties

1.0% Vacancy Rate for Retail Properties in the Immediate University Research Park Area

Listing Contacts

AP
NC 351488, GA 428443 (+1)
Northmarq
Listed by Northmarq

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Additional Information

Name
Ani Paulson
License
351488
Brokerage
Marcus & Millichap Charlotte
Brokerage Phone
6788082804
Title
Senior Director Investments
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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