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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
| TRACT | None | YEAR BUILT | 1973 |
|---|---|---|---|
| COMMUNITY | None | COUNTY | Mecklenburg |
| STATUS | Active | PROPERTY TYPE(S) | Single Family |
| Elementary School | Unspecified |
|---|---|
| Jr. High School | Unspecified |
| High School | Unspecified |
| ADDITIONAL DETAILS | |
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Dishwasher, Electric Cooktop, Electric Range, Electric Water Heater, Washer/Dryer |
| BASEMENT | Crawl Space |
| CONSTRUCTION | Brick |
| FIREPLACE | Yes |
| HEAT | Central |
| LOT | 2.58 acre(s) |
| LOT DESCRIPTION | Wooded |
| LOT DIMENSIONS | 2.58 |
| MLS STATUS | Active |
| PARKING | Attached Carport, Driveway |
| SEWER | Septic Tank |
| STORIES | 1 |
| SUBDIVISION | None |
| WATER | Well |
TOTAL MONTHLY PAYMENT
| SATELLITE VIEW |
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