Available
$120,000(ARV: $800,000)15% of ARV

Mecklenburg County, Huntersville, NC 28078

5 days ago

Gross spread$680,000

Description

Overview 11812 & 11816 Palomar Dr in Huntersville, NC offer a rare opportunity to pick up two adjacent buildable lots in a growing Charlotte suburb. Combined, the properties total 14,375 square feet and provide the ability to develop two separate new construction homes. The lots are being sold together and are priced well below what many builders are paying for infill opportunities in the area. Highlights The property consists of two side-by-side parcels totaling 14,375 square feet, with 11812 Palomar containing 6,970 square feet and 11816 Palomar containing 7,405 square feet. Water and sewer are available, with tap fees required, and power is available in the area. While there are currently no active utility connections on the lots, the location offers a straightforward development opportunity for a builder looking to add inventory in a strong retail market. Why It Stands Out Opportunities to acquire two neighboring buildable lots at this basis are becoming harder to find in Huntersville. New construction homes in the area are selling for roughly $400,000 each, creating a potential combined retail value near $800,000. For builders looking to secure lot inventory and capitalize on continued demand in the Charlotte metro, this project offers a clear and simple path from acquisition to vertical construction. Numbers The total lot size is 14,375 square feet across both parcels. New construction homes in the area are trading around $400,000 per build, creating an estimated retail value of approximately $800,000 for the completed project. The asking price for both lots is $120,000. For additional information, parcel maps, comps, or due diligence materials,

Property

Bedrooms—
Bathrooms—
Square feet—
Lot size14,375 sf
Year built—
ConditionFull Rehab
OccupancyVacant
ParkingAssigned

Systems & condition

HeatingOther
Air conditioningNone
FoundationOther

Self-reported by the seller. Not inspected.

Property information

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