Like many of central Charlotte's districts and neighborhoods, Belmont began as a textile mill village. Above are the mill homes surrounding the Alpha Mill which is located at the west edge of Belmont. This mill has been redeveloped as apartments and much of its' immediate surrounding village is no longer there.
The subject property is located in the Belmont neighborhood less than one mile outside Uptown Charlotte and between the Midwood, NoDa, Villa Heights neighborhoods. All of these neighborhoods have seen significant interest and appreciation in recent years accelerating over the past 12 months as the north light-rail line along North Davidson Street nears completion.
Demand for in-town properties and project sites have created a rapid rise in property values and all signs indicate this will continue. This property is located in an area surrounded by this type of high demand and development.
Many recent projects have been announced nearby including the redevelopment of the Kellogg Plant just a block away and multiple apartment and mixed use projects just a half mile away along Siegle Avenue, Central Avenue and Hawthorne Lane
1125 Belmont Avenue - $995,000
The building located at 1125 Belmont Avenue was built in 1920 and was operated as Walker’s Grocery for decades. It is considered one of the oldest neighborhood grocery buildings
1125 Belmont Avenue - 2 stories - approximately 3055 SF per floor - 6110 SF total
1125 Belmont had some structural work and a new roof in 2015. Building will need significant unfit and renovations for use.
Multiple parcels located in the Belmont neighborhood of Uptown Charlotte.
Parcels include: 08112704 - 08112705 - combined the site is approximately 0.35 acres +/-. Survey if needed to be done by potential buyers.
Site wraps the corner of Pegram Street and Belmont Avenue
Suitable for redevelopment, renovation of existing buildings or combined for larger construction project.
Site is currently zoned R5 residential