North End Greenway Development Site

North End Greenway Development Site

Charlotte, NC
Available
  • Property Type: Development/Land
  • Property Size: / 19.1 Acres / 288 Units

Overview

Capstone Land Sales is pleased to present the North End Greenway Development Site, a ±19-acre garden multi-family site in the white-hot North End submarket of Charlotte’s urban core. The site sits at the interchange of Atando Avenue and I-77 and boasts +1,500 ft of frontage along the interstate, creating an ideal marketing widow for a market rate apartment development. A portion of the Cross-Charlotte Greenway Trail system fronts the site, providing future residents with a built-in amenity that will further enhance connectivity to Uptown, The NC Music Factory, and Camp North End—each of which is located less than 3 miles from the subject site. A favorable rezoning proposition exists as well, with nearby rental comps north of $1.50/SF and a portion of the site currently carrying a multi-family zoning designation of R-22MF. The site also falls within an Opportunity Zone and a LIHTC qualified census tract, providing future ownership with a variety of ideal development options. 

Investment Highlights

Located in an Opportunity Zone & Qualified Census Tract
Fronts Approved & Funded Charlotte Greenway Expansion
Less Than 1 Mile to Camp North End 75-Acre Mixed-Use Redevelopment
1,500 FT of I-77 Frontage and Visibility

Contact Information

Caleb Troop Senior Advisor P: 314.607.3481
O: 800.746.3175 ext. 725
caleb@capstone-companies.com
Eric Liebich Investment Sales Advisor P: 248.225.3706
O: 800.746.3175 ext. 730
eric@capstone-companies.com
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