Bellhaven Townes

Bellhaven Townes

Charlotte, NC
Available
  • Property Type: Development/Land
  • Property Size: / 1.535 Acres / ±26 Sites

Overview

Capstone Land Sales is pleased to present Bellhaven Townes, a 1.535-acre development site with B-1 zoning in place which allows up to 17 DUA by-right. Utilities are run to the site, and the in-place zoning will allow a builder to develop a for-sale or for-rent infill townhome project by-right without having to rezone the site. Current ownership had a Phase I ESA completed which came back clean with no evidence of environmental conditions that would negatively affect the site. The Bellhaven Townes offers developers optionality with their development approach as both for-sale and for-rent product is proven in this corridor. The nearby Riverbend Towns, a for-sale new construction townhome development by Ryan Homes, has proven sales at $350k+. Additionally, average rents in the North Charlotte submarket are strong, clocking in at an average per unit market rent of $1,342 and $1.37 per square foot. Furthermore, the Bellhaven Townes sit in an ideal location,  aligned to the Mountain Island Lake Academy and Hopewell Schools, and adjacent to the Riverbend Village master planned mixed-use community that offers premium retail, dining, and entertainment options. The site also benefits from the roadway improvements at the heavily trafficked intersection of Mt. Holly-Huntersville Rd and Brookshire Blvd (83,000 VPD). The continuous flow intersection is the first of its kind in North Carolina and was designed to improve efficiency, reduce the rate of crashes up to an expected 12%, and received a national award for the impressive engineering behind the improvements. 

Investment Highlights

By-Right Zoning and Utilities in Place

Adjacent to Riverbend Village Mixed-Use Development

Proven $350K+ New Construction Townhome Market

Adjacent to Roadway Improvements at Brookshire Blvd/Mount Holly-Huntersville Rd

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
Thomas Colaiezzi Investment Sales Advisor P: 901.603.8590
O: 800.746.3175 ext. 714
tcolaiezzi@capstone-companies.com
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