2937 Commonwealth Ave - Commonwealth Infill Site 0.6 Acres of Residential Land Offered at $1,100,000 in Charlotte, NC 28205

Rare infill development opportunity in one of Charlotte's most desirable and steadily appreciating neighborhoods. This ±0.57-acre (±24,829 SF) site on Commonwealth Avenue offers approximately 100 feet of frontage and a depth of roughly 250 feet, sitting directly alongside existing multifamily and townhome development, ideal for a higher-density residential use.
Currently zoned N1-D, the property borders a Neighborhood 2 (N2) apartment community to the side and rear and sits amid a mix of higher-density residential development. That adjacency, both today and under the Charlotte 2040 plan, together with the surrounding density, makes it a strong candidate for rezoning to a higher-density residential use. The seller is cooperative and able to work with a builder through the process.
Located within roughly 10 minutes of Uptown Charlotte, NoDa, South End, and the Uptown sports and entertainment district (Panthers, Knights, and Hornets), the site connects quickly to Central Avenue, The Plaza, and Independence Boulevard, putting residents within easy reach of the area's restaurants, breweries, parks, and shops.
City water and sewer are available in Commonwealth Avenue at the frontage, with an additional sewer connection available to the rear via easement. The developable area is concentrated toward the frontage. The site slopes from front to rear, suiting a drive-accessed product with tuck-under parking, and an existing curb cut anchors likely site access.
The property is being sold for land value. Buildable area, unit yield, setbacks, stormwater requirements, and entitlements are subject to confirmation by the buyer's engineer and the City of Charlotte. Concept studies available to qualified buyers.