7121-7223 Alexander Road, Charlotte, NC 28270

$2,500,000

Listing courtesy of Austin Banks Real Estate Company LLC

List Price
$2,500,000
MLS#
4064628
Status
ACTIVE
Days on Market
175
Property Type
Land
Lot Size
134,164
Lot Size Area
3.08
County
Mecklenburg
Special Conditions
None

Property 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!

Additional Information

Water
City
Sewer
Public Sewer, Private Sewer, Other - See Remarks
Driveway
Paved
Lot Description
Other - See Remarks
Elementary School
Lansdowne
Middle School
McClintock
High School
East Mecklenburg
Zoning
N1-A

Mortgage Calculator

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Calculator source: Real Geeks

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