Click Here for Offering Materials: North End Greenway Development Site
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.
Existing Value Propositions:
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