Kingspark Commons Development Site

Kingspark Commons Development Site

Charlotte, NC
Under Contract
  • Property Type: Development/Land
  • Property Size: / 9.94 Acres / 218 Units

Overview

Capstone Land Sales is pleased to present the Kingspark Commons LIHTC Development Site, a ±9.94-acre garden-style, affordable housing site in the West Charlotte Submarket of the greater Charlotte MSA. With a potential density of up to 218 units, the development site is well-positioned to help serve the working-class renter demographic, representing an area of need in Charlotte. Ideally situated off West Blvd with convenient access to Wilkinson Blvd and I-77, the property boasts exceptional connectivity to multiple areas around Charlotte. Entertainment and employment hotspots such as Uptown Charlotte, South End, Lower South End (LoSo), and the Charlotte Douglas International Airport are within a couple miles of the property, as well as access to the LYNX Silver Line future light rail corridor. The property also benefits from its proximity to an abundance of employment, economic demand drivers, amenities, and Class-A retail, which will appeal to residents. In addition to the site’s prime location in Charlotte, the property falls within a Qualified Census Tract and an Opportunity Zone, scoring well on both assessments; thus, making it a highly attractive development site for NCHFA tax credit development.

Investment Highlights

Ideal LIHTC Development Opportunity Located in Qualified Census Tract
Situated Directly in the Path of Growth
Surrounded by On-Going Development and Community Investment
Highly Accessible Site with Privacy for Tenants

Contact Information

Eric Liebich Investment Sales Advisor P: 248.225.3706
O: 800.746.3175 ext. 730
eric@capstone-companies.com
Ron Corrao Director P: 757.749.6994
O: 800.746.3175 ext. 712
ron@capstone-companies.com
capstoneapts-logo