Listed by MA Realty
$5,250,000
Uptown Infill Redevelopment
Details
APN 078-143-02, 078-143-24, 078-143-25, 078-131-07, 078-131-08, 078-131-09
Property Type Land, Mixed Use
Sub Type Commercial
Square Footage 3,000
Price per SqFt $1,750
Year Built 1982
Buildings 1
Stories 1
Acreage 0.960
Zoning UC-RAC
Investment Type Redevelopment
+/- 1 Acre Zoned: UC-RAC permits Mixed-Use, MF, Hospitality (NO REZONING)
Marketing description
No Rezoning necessary for Multi-family, Mixed-Use, Office or Retail developments.
Development can proceed with Site Plan Approval by Charlotte UDO. Minimal entitlement risk!
Rare opportunity to purchase Uptown Infill located in the 4th Ward Near:
- NW Uptown Charlotte next to I-77 exit, Irwin Creek greenway
- Bike lanes, City Lynx Gold street car (Irwin Ave stop)
- Universities: Johnson & Wales, Johnson C Smith, Wake Forest Med School (& The Pearl Innovation District)
The offering consists of 6 parcels, that total almost an Acre when combined.
- 3 parcels located on each side of N Sycamore Street
- opportunity to control a visible and well-located site residential-led development.
The 1028 W 5th St infill redevelopment site is zoned UC-RAC (Uptown Core – Regional Activity Center), permitting:
- multifamily, mixed-use, hospitality,
- retail, office, and institutional development through administrative site plan approval under Charlotte’s Unified Development Ordinance (UDO).
- Existing improvements are considered to have no contributory value e.g. the vacant building needs complete gut renovation and is not up to current building code.
- Ownership will consider offers for the full assemblage or individual parcel groups A or B
Investment highlights
Located at northwest edge of Charlotte's city center, the site's UC-RAC zoning permits a vertically integrated building. Ideal for high-density urban development, the site supports a broad range of by-right uses, including:
- Multi-Family
- Mixed-Use (e.g. Condo-Hybrid, Furnished Mid-term rentals or Corp Housing, Co-living)
- Hospitality-Adjacent Residential (e.g. Extended Stay)
- Retail (e.g. Dining or Service-oriented retail supporting walkable activation)
- Office (e.g. Medical, Outpatient Clinics, or other Health uses)
- Institutional (e.g. Higher Education, Workforce Training)
Listing Contacts
Listed by MA Realty
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