View documents for this listing such as the Offering Memorandum (OM) and Rent Roll by clicking the button below!
Capstone Land Sales is pleased to present the exclusive
listing, Cultivate NoDa. The ±16.70-acre (±9.00 developable acres) land
site is located in the NoDa Arts District of Charlotte, North Carolina, one of
the fastest growing rental submarkets in Charlotte. The site also falls within
one of only two Qualified Opportunity Zones in the Charlotte MSA, providing
future ownership with a variety of ideal development options and incentives.
Developers have taken notice of the explosive growth within NoDa and have begun
construction on multiple expansive mixed-use projects to provide residents with
even more entertainment outlets. This submarket has seen a higher-than-market
rent growth in the immediate area for luxury, Class A assets, while still
offering residents slightly discounted rental rates relative to the areas of
Uptown and South End. Located off North Tryon Street and a short walk to the
Lynx Blue Line Rail Station, future residents will benefit from enhanced
connectivity to Uptown Charlotte and have easy access to I-85 and I-77.
Cultivate NoDa also benefits from its proximity to an abundance of employers,
economic demand drivers, Class A retail, and lifestyle amenities. Cultivate
NoDa is an outstanding opportunity to develop a multi-family community in the
rapidly growing Charlotte MSA.
Exceptional Location in the Expanding NoDa Neighborhood
Surrounded by Ongoing Development
Ideally Located in a Qualified Opportunity Zone
Favorable Renter Demographics in a Booming Submarket
Proximity to an Abundance of Demand Drivers