New Offering: Charlotte Zoned and Entitled Multi-Family Development Site

Download Offering Materials: The Park at Creekridge

Capstone Land Sales is pleased to present the exclusive listing for The Park at Creekridge: a ±8.83-acre suburban, garden-style, multi-family land site in Charlotte, North Carolina that is by-right, zoned, and entitled for up to 150± garden-style units. With a feasible development plan proposed, this site is well-positioned to capitalize on an underserved submarket of Charlotte with minimal legal hurdles to overcome. Surrounded by retail and dining options, the site boasts easy access to three of the most well-traveled, major roadways in Charlotte—US-74 (Independence Boulevard), Interstate-77, and Interstate-485—providing connectivity to the entire Charlotte MSA. Additionally, it is situated in the path of the future LYNX Silver Line Light Rail and US-74 expansion projects, which provide significant upside to the future value of the land. The site is also located in the Qualified Census Tract (QCT), allowing for the opportunity to develop affordable housing product, as developments in the QCT are typically for workforce housing. Offering the opportunity to develop in a well-connected, high-growth market that has not kept pace with demand, The Park at Creekridge presents an ideal investment opportunity to capitalize on the future growth of Charlotte.

Development Highlights:
By-Right, Zoned, and Entitled Development Site
Centrally Located with Superior Connectivity to Charlotte MSA
In the Path of Future Infrastructure Growth
Underserved Submarket Supported by Strong Multi-Family Fundamentals
Development Opportunity in Qualified Census Tract

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