Log In/Sign Up
Your email has been sent.
8620 Research Dr
Charlotte, NC 28262
Prime Development Site | 3.07 AC · Land For Sale
·
3.07 AC
Investment Highlights
- Prime Development Site | Hard Corner Lot Totaling 3.07 AC at a Signalized Intersection on W W.T. Harris Blvd (44,500+ VPD)
- All Utilities In Place | Potential to Subdivide | Approved Site Plans Available | Childcare Build-to-Suit Option with Site Plans Available
- High Barriers-to-Entry Submarket | 11,000+ Multi-Family Units within 1.5-Miles | Numerous Corporate Offices & Hotels in Immediate Surrounding Area
- Highly Flexible CAC-1 (Community Activity Center 1) Zoning | Numerous Development Options CAC-1 | Wide Range of Permitted Uses
- Ideal Location | Immediate Surrounding Area Features Over 20 Fortune 500 Companies Including Wells Fargo CIC, Vanguard, TIAA, & More
- Strong Demand for Retail Properties | 1.0% Vacancy Rate for Retail Properties in the Immediate University Research Park Area
Executive Summary
Northmarq, as exclusive agent, is pleased to present to qualified investors the opportunity to acquire the fee simple interest the development site located at 8620 Research Drive in Charlotte, North Carolina. Totaling 3.07 acres, the property is pending site plan and building permit approval for a day care facility and a future office/retail building. The single-tenant day care will total approximately 10,000 square-feet, and is fully leased to The Learning Experience on a 15-year modified NNN lease with 12% rent increases every 5 years, and two, 5-year renewal options. The tenant is a strong, national day care operator with over 600 locations. The site sits at a signalized intersection with direct access to W.T. Harris Boulevard (44,500+ VPD), across from Wells Fargo’s Customer Information Center, IBM Innovation Park, and several regional headquarters.
Nearby demand drivers include Atrium Health University City (130 beds), The Shoppes at University Place, UNC Charlotte (31,000+ students), and Griffith Lakes, a 400-acre residential development with over 780 homes. University Research Park spans 2,600 acres and includes more than 75 companies and 20,000 employees. The submarket benefits from direct rail access to Uptown via the LYNX Blue Line and continues to attract major institutional investment. Recent expansions by TIAA, Centene, and Allstate reflect sustained demand across healthcare, tech, and finance.
Nearby demand drivers include Atrium Health University City (130 beds), The Shoppes at University Place, UNC Charlotte (31,000+ students), and Griffith Lakes, a 400-acre residential development with over 780 homes. University Research Park spans 2,600 acres and includes more than 75 companies and 20,000 employees. The submarket benefits from direct rail access to Uptown via the LYNX Blue Line and continues to attract major institutional investment. Recent expansions by TIAA, Centene, and Allstate reflect sustained demand across healthcare, tech, and finance.
Property Facts
2 Lots Available
Lot A
| Price | $2,900,000 | Lot Size | 2.07 AC |
| Price Per AC | $1,400,966.18 |
| Price | $2,900,000 |
| Price Per AC | $1,400,966.18 |
| Lot Size | 2.07 AC |
Parent parcel totaling 3.07 AC available for purchase in its entirety. Approximate 2.00-AC building pad available as part of a potential subdivision of the 3.07-AC parent parcel. Final lot size subject to subdivision.
Lot A
| Lot Size | 1.00 AC |
| Lot Size | 1.00 AC |
Property Taxes
| Parcel Number | 047-141-18 | Improvements Assessment | $560,200 |
| Land Assessment | $2,010,700 | Total Assessment | $2,570,900 |
Property Taxes
Parcel Number
047-141-18
Land Assessment
$2,010,700
Improvements Assessment
$560,200
Total Assessment
$2,570,900
1 of 4
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
