Mobile Home Park

Countrywoods Mobile Home Park

5201 State Rd 2631, Charlotte, NC 28269

Listing Price: $1,800,000

Cap Rate
7.40%
Number of Spaces
26
Lot Size
27.86 acres
Occupancy
96.0%
Price/Space
$69,231
Spaces/Acre
0.93
Year Built
1976

Investment Overview

Marcus & Millichap is pleased to present for sale the Countrywoods Mobile Home Park: a 26 pad manufactured housing community on 28 acres. The community is in an ideal location in Northern Charlotte, just 2 miles east of I-77, situated in between Highway 21, Highway 24 & Highway 115. This property is surrounded by several Fortune 500 companies such as WESCO International Distribution Center, US Foods Distribution, and Lowes. With several other manufacturing and distribution centers in a 2-mile radius this makes the demographic of the market well suited for this property. Given the location and that Urban Infill land is scarce in Charlotte, this property represents a rare opportunity to either expand the Manufactured housing in place or pursue rezoning for a potential single family home development.

Investment Highlights

  • Ideal Location in close Proximity of Interstate 77 & Highway 24
  • 28 Acres of Land for Potential Development
  • Close to Several Large Area Economic Generators

Exclusively Listed By

Mobile Home Park

Countrywoods Mobile Home Park

Listing Price: $1,800,000

Cap Rate
7.40%
Number of Spaces
26
Lot Size
27.86 acres
Occupancy
96.0%
Price/Space
$69,231
Spaces/Acre
0.93
Year Built
1976

Investment Highlights

  • Ideal Location in close Proximity of Interstate 77 & Highway 24
  • 28 Acres of Land for Potential Development
  • Close to Several Large Area Economic Generators

Investment Overview

Marcus & Millichap is pleased to present for sale the Countrywoods Mobile Home Park: a 26 pad manufactured housing community on 28 acres. The community is in an ideal location in Northern Charlotte, just 2 miles east of I-77, situated in between Highway 21, Highway 24 & Highway 115. This property is surrounded by several Fortune 500 companies such as WESCO International Distribution Center, US Foods Distribution, and Lowes. With several other manufacturing and distribution centers in a 2-mile radius this makes the demographic of the market well suited for this property. Given the location and that Urban Infill land is scarce in Charlotte, this property represents a rare opportunity to either expand the Manufactured housing in place or pursue rezoning for a potential single family home development.

Exclusively Listed By

MM Texture Background
MM Textured Background Lower