Rare opportunity combining income-producing rentals and development potential in Charlotte's booming Steele Creek corridor. Recently approved N1-C zoning and a completed 17-unit subdivision sketch plan by Urban Design Partners (February 2026) position this 2.58-acre parcel for immediate development under Charlotte's UDO compact residential standards. The sketch plan accommodates a mix of single-family, duplex, and triplex configurations at 6.6 DUA, served by a new public street with all setbacks, green area, driveway ratios, and stormwater controls meeting current UDO requirements. Unit designs support two-car garages. The site offers 360+ ft of Zoar Road frontage on mostly cleared, gently sloping terrain. Multiple meetings with Charlotte Water confirm gravity sewer extension feasibility (~400 ft from site), and public water is available at frontage. Three existing short-term rental units generate $60K+ annually, providing holding income during development. A Tiny Capsule Home on-site is available for separate purchase. Located minutes from Palisades, Lake Wylie, and the SC border, the site benefits from NCDOT's $138M NC-160 widening (SC line to I-485) now in active ROW acquisition with construction targeted 2028-2030. This corridor serves 30,000+ daily vehicles, and the upgrade to a 4-6 lane divided highway will significantly enhance access and long-term value. Aerial video: https://1drv.ms/v/c/cda6418cf81d04f0/IQRtBOaRaqqTSoRF4iUc-d8IAUIhug4Z9qDDxVwQUIceJpo?width=3840&height=2160
| MLS # | 4370569 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1973 |
| Days On Site | 136 |
| Listing Provided By | Red Bricks Realty LLC | Prad Lakshmipuram |
| Bed(s) | 4 |
|---|---|
| Bath(s) | 4 Total |
| SQ Feet | 1,984 |
| Car Port | Yes |
| Story(s) | 1 |
| Zoning | N1-C |
| Acreage | 2.58 |
| Cooling | Central Air |
|---|---|
| Heating | Central |
| Appliances | Dishwasher, Electric Cooktop, Electric Range, Electric Water Heater, Washer/Dryer |
| Construction Materials | Brick Full |
|---|---|
| Foundation Details | Crawl Space |
| Lot Features | Infill Lot, Wooded |
| Garage Yes / No | No |
|---|---|
| Parking Features | Attached Carport, Driveway |
| List Aor | Canopy Realtor Association |
|---|
| Property | 418900 |
|---|
| State | NC |
|---|---|
| County | Mecklenburg |
| City | Charlotte |
| Zip Code | 28278 |
| Area | Mecklenburg |
| School District | Unspecified |
| Elementary School | Unspecified |
| High School | Unspecified |
| Listing VS Median (in 28278) | |
Price: $2,090,000 low | high Med: $540,258 sqft: 1,984 low | high Med: 2,223 $ / sqft: $1,053 low | high Med: $247 On site: 136 low | high Med: 77 | |
| State | NC |
|---|---|
| County | Mecklenburg |
| City | Charlotte |
| Zip Code | 28278 |
| Area | Mecklenburg |
| School District | Unspecified |
| Elementary School | Unspecified |
| High School | Unspecified |
| Listing VS Median (in 28278) | |
Price: $2,090,000 low | high Med: $540,258 sqft: 1,984 low | high Med: 2,223 $ / sqft: $1,053 low | high Med: $247 On site: 136 low | high Med: 77 | |