Property Description

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

Property Features

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