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US-29 at Pavilion Blvd 11431 US-29 1.11 Acres of Commercial Land for Lease in Charlotte, NC 28262
Highlights
- This property is located near I-485 (96,500 VPD) and Tryon Street (34,000 VPD)
- Close to key locations such as I-485, Concord Mills, Charlotte Motor Speedway, and UNC Charlotte.
- Site has 81 on-site parking spots and resides next to nearly 3,000 homes with over 9,000 residents.
- Only 11 miles from Downtown Charlotte, 3 miles from UNC Charlotte, and just down the road from Charlotte Motor Speedway.
LOT Available
Display Rental Rate as
| Rental Rate |
|
Lot Size | 1.11 AC |
| Lease Term | Negotiable |
| Rental Rate | |
| Lease Term | Negotiable |
| Lot Size | 1.11 AC |
This build-to-suit or ground lease opportunity is ideally located near I-485, which sees 96,500 vehicles per day, and Tryon Street, with a daily traffic count of 34,000. The area is set to see even more foot traffic with a new ModWash opening directly across the street. Surrounded by strong demographics, the average household income within a 1-mile radius is $74,623. The region has experienced substantial population growth, with approximately 14% growth within a 3-mile radius and 24% growth within 5 miles over the past eight years. Residential density is a key feature of this location, as it sits next to Pavilion Apartments, a recently built 4-star complex with 294 units housing over 460 residents. Another 4-star complex, across the street, offers 296 units and is home to more than 530 residents. In addition, over 2,947 homes, with a population of over 9,111, are situated behind the property. The site’s location is highly strategic, positioned 11 miles from Downtown Charlotte, 3 miles from the University of North Carolina at Charlotte, and close to major attractions such as the Charlotte Motor Speedway and Concord Mills. It is also within 20 miles of Charlotte Douglas International Airport, offering excellent connectivity. With 81 on-site parking spaces and easy access to key thoroughfares, this property presents an exceptional opportunity for development in a rapidly growing area.
Property Overview
This build-to-suit or ground lease opportunity is located near I-485, which sees 96,500 vehicles per day, and Tryon Street, with a daily traffic count of 34,000, in a densely populated area with strong demographics. Over the past eight years, the surrounding area has experienced significant growth, with a 14% increase in population within a 3-mile radius and a 24% increase within 5 miles. The property offers 81 on-site parking spots and is positioned adjacent to nearly 3,000 homes housing over 9,000 residents. Adding to the area’s commercial activity, a new ModWash is set to open soon across the street. The average household income within a 1-mile radius is $74,623, reflecting the area's desirable living conditions. The property is next door to Pavilion Apartments, a recently built 4-star complex with 294 units and over 460 residents, while across the street is another 4-star complex offering 296 units and home to more than 530 residents. Strategically located, the site is just 11 miles from Downtown Charlotte, 3 miles from the University of North Carolina at Charlotte, and a short drive from the Charlotte Motor Speedway, Concord Mills, and Charlotte Douglas International Airport. Its proximity to major highways and local attractions makes this a prime location for future development.
Property Facts
