One of the last high-value properties for a redevelopment opportunity in the historic Elizabeth neighborhood has hit the market for $1,100,000. The two-story property is listed by T. Anthony Lindsey, an affiliated Broker with Coldwell Banker Residential Brokerage. Located at 2017 7th Street #L4, the 3,764 square-foot property is favorably positioned within the highly active area of 7th street. It is in proximity to the Charlotte city center, a major Health Care corridor, and a short walk to the new Streetcar line.
The neighborhood’s historic charm and its current low inventory of residential properties makes this an ideal site for a residential development, or, a great new office/medical complex. The Elizabeth district has experienced a rapid transformation into a mix-used community, providing an increase of service industry businesses in this walkable neighborhood. Major investment is being made in the renovation of existing neighborhood retail and restaurant locations to meet the growing local demand. Additional new multifamily development has been approved for a nearby segment of the neighborhood. This is a high growth market area that’s attracting regional and national brands, as well as many new residents.
The property’s adjacent parcel is also available separately and would provide about 0.58 acres as a development site.