10.092± acres located at 11415 Faires Rd in East Charlotte, offering an opportunity for residential development or long-term land investment. The property is zoned N1-A (Neighborhood 1) and includes an existing approximately 1,608 SF residence.
A key feature of this offering is the assemblage potential. The adjoining property at 11425 Faires Rd, consisting of approximately 10.39± acres, is also currently offered for sale with our firm, creating the opportunity to assemble approximately 20.48± contiguous acres through separate acquisitions. Additional adjoining acreage may also have acquisition potential, subject to separate owner discussions and agreement.
The property is surrounded by established residential communities and is conveniently located near schools, shopping, parks and major transportation corridors.
The existing residence is served by private well and septic. Public water infrastructure is located in the surrounding area, and public sanitary sewer infrastructure is documented on the adjoining 11425 Faires Rd parcel. Prospective buyers should independently verify utility location, availability, capacity, connection and extension requirements with Charlotte Water and other applicable authorities.
Offered at $2,775,300 ($275,000 per acre).
Development potential is subject to site planning, applicable zoning and development standards, utility feasibility and governmental approvals.
Gordon Allebach
G Brokerage Commercial Real Estate, Inc.