7121-7223 Alexander Road Charlotte, NC $ 2,500,000
7121-7223 Alexander Road
$ 2,500,000
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7121-7223 Alexander Road

Charlotte, NC, 28270
$ 2,500,000
Baths0.0

Monthly Estimate*

$ 17,463

7121-7223 Alexander Road, Charlotte, NC 28270 - Image 1
7121-7223 Alexander Road, Charlotte, NC 28270 - Image 2
Studio

Lots and Land for sale in Charlotte, NC

for $2,500,000. The lot size is 3.08.

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!

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Lots and Land Contingent

Price

$ 2,500,000

Bedrooms

Studio

Property Type

Lots and Land

Taxes

$ 0

Style

Lot

Lot Size

3.08

Town/City

Charlotte

County/Region

Mecklenburg

MLS | Web ID

4115505

Features
General
Sewer Public Sewer Private Sewer Other - See Remarks
Zoning N1-A
Property SubType Lot
Additional Parcels Description 21319119 21319120 21319116 21319115 21319117
County Mecklenburg
Property Type Land
Possible Use Development Multi-Family Residential Other - See Remarks
Directions Take US-74 E and NC-16 S to Alexander Rd Turn left onto Alexander Rd Destination will be on the left
High School East Mecklenburg
City Charlotte
Street Name Alexander
Elementary School Lansdowne
Middle/Junior High School McClintock
Standard Status Active Under Contract
Restrictions N/A
Tax Assessed Value 1350000
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Exterior
Lot Features Other - See Remarks
Water Source City
Lot Size Area 3.08
Lot Dimensions 446.07x300
Road Surface Type Paved
Lot Size Units Acres
Road Responsibility Publicly Maintained Road
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Interior
Street Suffix Road
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* Excluded Features
List By
Exp Realty Llc Ballantyne

Broker

Affordability Calculator

$17,463
Per Month
100%
0%
0%
Monthly Principal & Interest
$17,463
Monthly Property Taxes
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Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
294350 Elementary School
294183 Middle School
East Mecklenburg High School High School
Pricing History
DatePricePrice ChangeDescription
3/4/2024$2,500,000 Listed Price

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7121-7223 Alexander Road, Charlotte, NC, 28270 is a Lots and Land for sale at $2,500,000 with a lot size of 3.08. 7121-7223 Alexander Road is a studio with 0.0 baths. The property's zip code is 28270 which is in Charlotte, NC