Rare opportunity combining income-producing rentals and development potential in Charlotte's booming Steele Creek corridor. Recently approved N1-C zoning and a completed 17-unit subdivision sketch plan by Urban Design Partners (February 2026) position this 2.58-acre parcel for immediate development under Charlotte's UDO compact residential standards. The sketch plan accommodates a mix of single-family, duplex, and triplex configurations at 6.6 DUA, served by a new public street — with all setbacks, green area, driveway ratios, and stormwater controls meeting current UDO requirements. Unit designs support two-car garages. The site offers 360+ ft of Zoar Road frontage on mostly cleared, gently sloping terrain. Multiple meetings with Charlotte Water confirm gravity sewer extension feasibility (~400 ft from site), and public water is available at frontage. Three existing short-term rental units generate $60K+ annually, providing holding income during development. A Tiny Capsule Home on-site is available for separate purchase. Located minutes from Palisades, Lake Wylie, and the SC border, the site benefits from NCDOT's $138M NC-160 widening (SC line to I-485) — now in active ROW acquisition with construction targeted 2028–2030. This corridor serves 30,000+ daily vehicles, and the upgrade to a 4–6 lane divided highway will significantly enhance access and long-term value. Aerial video: https://1drv.ms/v/c/cda6418cf81d04f0/IQRtBOaRaqqTSoRF4iUc-d8IAUIhug4Z9qDDxVwQUIceJpo?width=3840&height=2160
| MLS#: | 4370569 |
| Price: | $2,190,000 |
| Square Footage: | 1984 |
| Bedrooms: | 4 |
| Bathrooms: | 4 |
| Acreage: | 2.58 |
| Year Built: | 1973 |
| Type: | Single Family Residence |
| Virtual Tour: | Click here |
Based on information submitted to the MLS GRID as of 2026-04-28 00:00:00. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
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