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Dream Team United

| Dream Team United | Keller Williams Connected | PLACE

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2937 Commonwealth Ave , Charlotte, NC 28205
$1,100,000
Est. Payment: $2,444.44/mo
0 Bed
0 Bath
0 Sqft
Status: Active | Days on site: 17
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161704 - 34445
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House Description

Rare infill development opportunity on Commonwealth Avenue, one of Charlotte's most desirable and fast-appreciating corridors. This ±0.57-acre site sits directly beside an existing apartment community and among established townhomes, making it a strong candidate for rezoning to a higher-density residential use such as townhomes. Currently zoned N1-D and bordered by Neighborhood 2 (N2) on the side and rear, the property is ideally positioned for a townhome redevelopment, both today and under the Charlotte 2040 plan. City water and sewer are available at the Commonwealth Avenue frontage, with ±100 ft of frontage and an existing curb cut for site access. Located within roughly 10 minutes of Uptown, NoDa, South End, and the Uptown sports and entertainment district (Panthers, Knights, and Hornets), with quick connections to Central Avenue, The Plaza, and Independence Boulevard. Sold for land value. Cooperative seller willing to work with a builder through the process. Buildable area, unit yield, and entitlements subject to confirmation by the buyer's engineer and the City of Charlotte. Bring your builders and investors.

Highlights

Listed by Patrick Register , 704-621-0190 Coldwell Banker Realty , 704-541-5111.

Property Type

Vacant Land

Lot/Acreage
0.57

County

Mecklenburg

Listing ID

4420028

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:
Below Ground Sq Ft:0
Water:City

Exterior Features

Lot Dimensions:100' x 250'
Zoning:N1-D
Sewer:Public Sewer
Principal Interest
$2,444
Taxes
$701

Home Price

$1,100,000

Loan Details

30 yrs
%

Down Payment

20%
$220,000
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Monthly Price:
$2,444.44

Principal

Taxes

Principal Taxes HOA Total
Monthly $2,444.44 $701.25 $0.00 $3,145.69
Yearly $29,333.33 $8,415.00 $0.00 $37,748.33
Total $880,000.00 $252,450.00 $0.00 $1,132,450.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Charlotte, NC).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.