Troy Knight

Priced to sell! This basement lot in Downtown Belmont offers 14,000sqft+/- of office/retail/residential potential! With local retail leasing for $32-$50/sqft this is a great investment opportunity. At $26/sqft it generates an NOI of $300,000. Sketch plan review is nearly complete with city of Belmont. Rough sketch of building plan is available. Estimated cost to build is $2.5m-$3m.

Excellent investor opportunity to build 3-6 homes on a gentle sloping corner lot in Historic Lincoln Heights. Lot has sewer adjacent but will need water extension which city provides up to 1000' in most cases. Zoned N1-C you could fit 3 single family homes or up to 3 duplexes. Buyer to complete own due diligence on feasibility of number of units and structures.

New topo survey uploaded with building pad. See attachments for concept plan for self storage, 18 unit apartment, or 11 unit townhome. Approximately 137x112 flat spot inside the setbacks. Large lot on main artery with 10,000+ average daily car count per NCDOT. Possible uses are Multi family, ABC Store, Self Storage, Check cashing, Firing range, Retail, Restaurant, Funeral Home, Laundromat,