$2,500,000
Accepting Backup Offers

7121-7223 Alexander Road

Charlotte, NC 28270
Browse 2 photos
Type:Purchase
Structure:Land
Zone:Residential

Description

Excellent Development opportunity for up to 20 residential units by right under the new N1-A zoning. Bring your eye for design and residential flair in this opportunity to deliver Your prestige community to market. This site lends itself to multiple development options; One strategy may be to max out the unit count, the current N1-A zoning under the new UDO ordinances allow up to 20 units by right. Another Strategy may be to take advantage of the lot depth by offering 12 units fronting Alexander road with access to a private driveway, the exclusivity would be brimming while still offering abundant exterior yard space for each residence. Another may be to blend the two, offering between 14-18 units and slightly more natural or common space for residents to enjoy. Last but not least, and not to be blatantly obvious, this also would accommodate 6 Luxury Estate homes, with single family homes easily touching $2.0m and up - This is not one to miss, strike while the iron's hot!

  • Property Details
      • Lot FeaturesOther - See Remarks
      • Lot DescriptionOther - See Remarks
  • Construction Details
      • Property TypePurchase
  • Utilities / Energy Details
      • Sewer InformationPublic Sewer, Private Sewer, Other - See Remarks
      • Utility SourceCity
  • Community and Neighborhood Details
      • High SchoolEast Mecklenburg
      • CountyMecklenburg
      • Middle SchoolMcClintock
      • Elementary SchoolLansdowne
      • ZoningN1-A
  • Financial Details
      • Original List Price$2,500,000
      • Days on Market (Cumulative)216
  • Other
      • MLS #4115505

Location

Victoria Green | Coldwell Banker RealtyReal Estate Group
$
years

Down Payment

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%
10.0%

Interest Rate

%
6.0%

Tax Rate

%
2.6%
$
annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

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