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5301 Nations Crossing Rd

2.97 Acres of Industrial Land Offered at $3,750,000 in Charlotte, NC 28217

Investment Highlights

  • High Visibility from Exit 5 (Woodlawn) Interstate 77
  • Level Topo
  • Near LOSO District and Downtown Charlotte
  • I-2 now ML-2 Zoning on 2.917 Acres +/-
  • High Residential Density Nearby

Executive Summary

PRICE IMPROVEMENT!
5301 Nations Crossing Road, Charlotte, NC
1.66 Acres
I-2 now ML-2 Zoning
Parcel ID: 16902124
11,347 SF Industrial Building was built in 1966.
2 Dock Highs and 1 Drive In
Parcel Adjacent to 5301 Nations Crossing Rd, Charlotte
1.25 Acres
I2 now ML-2 Zoning
Parcel ID: 16902134
Asking Price: $3,750,000
• Located in QCT (Qualified Census Tract)
• Phase 1 from 2022 (can provide: no further recommendation)
• Preliminary Survey
• 3 minutes to Woodlawn-Lynx Station (1.1 miles)
• Location, Location! Exit 6A off Interstate 77 and Woodlawn
• 5301 Nations Crossing Rd, Charlotte and adjacent 1.25-acre parcel.
• Total of 2.971 Acres for both parcels: I-2 now ML-2 Zoning: Parcel ID: 16902124/16902134
• 11,347 SF +/- Industrial Building built in 1966.
• 2 Dock Highs and 1 Drive In.
• 3 Phase Power.
• 1,852 SF Office Space. HVAC in Office Space only.
• Clear Height ranges from 17’- 27’
• 2021 NCDOT AADT: Interstate 77: 125,000-174,999 Woodlawn: 35,000-54,9990
• Level Topo
• Recent appraisal completed by Valbridge Appraisal Group
• Minutes from Downtown Charlotte and near Up-and-coming LOSO District
• Billboard Ground Lease on Site
• Near LOSO district: Charlotte's fastest-growing neighborhoods

Property Facts

Price $3,750,000
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Industrial
Proposed Use Mixed Use
Total Lot Size 2.97 AC

1 Lot Available

Lot

Price $3,750,000
Price Per AC $1,262,626
Lot Size 2.97 AC

PRICE IMPROVEMENT! 5301 Nations Crossing Road, Charlotte, NC 1.66 Acres I-2 now ML-2 Zoning Parcel ID: 16902124 11,347 SF Industrial Building was built in 1966. 1.25 Acres I2 now ML-2 Parcel ID: 16902134

Description

• Located in QCT (Qualified Census Tract) • 3 minutes to Woodlawn-Lynx Station (1.1 miles) • Location, Location! Exit 6A off Interstate 77 and Woodlawn—Can be seen from Interstate 77! • 5301 Nations Crossing Rd, Charlotte and adjacent 1.25-acre parcel. • Total of 2.971 Acres for both parcels: I-2 now ML-2 Zoning: Parcel ID: 16902124/16902124 • 11,347 SF +/- Industrial Building built in 1966. • 2 Dock Highs and 1 Drive In. • 3 Phase Power. • 1,852 SF Office Space. HVAC in Office Space only. Unit replaced 5 years ago. • Clear Height ranges from 17’- 27’ • 2021 NCDOT AADT: Interstate 77: 125,000-174,999 Woodlawn: 35,000-54,9990 • Level Topo • Recent appraisal completed by Valbridge Appraisal Group • Minutes from Downtown Charlotte and near Up-and-coming LOSO District • Billboard Ground Lease on Site • Near LOSO district: Charlotte's fastest-growing neighborhoods The following was noted on the appraisal: The area is urban in nature. The characteristics of the area and submarket can be summarized as follows: • This area is in the growth stage of the market life cycle; • Population is projected to be increasing; • Most households are within the middle income brackets; • There is a balanced supply of properties similar to the subject property; • Land Values - Increasing; • Development Activity - Stable to Increasing ; • Transaction Volume - Increasing; • Rental Rates - Increasing; • Vacancy Rates - Stable

zoning

Zoning Code I-2 (I-2 Zoning is now ML-2 Zoning per recent recent UDO 06/1/23.)
I-2 (I-2 Zoning is now ML-2 Zoning per recent recent UDO 06/1/23.)
  • Listing ID: 29034736

  • Date on Market: 7/18/2023

  • Last Updated:

  • Address: 5301 Nations Crossing Rd, Charlotte, NC 28217

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