Charlotte NC Lot

[Jim M.]

I am closing on a piece of property in the Wesley Heights neighborhood of Charlotte NC.  I will be sub-dividing the property and will have a lot to sell.  I will be renovating the property next door to sell as well.  That home will be roughly 2500 sq feet when complete.  There actually haven't been any new builds in the neighborhood in about 10 years so this could be a solid deal.  Recent rehabs include a 3 bed 2 bath 1700 sq foot home that sold for 380k back in April, a current 1550 sq foot home 3 bed 2 bath home for 380k, several 2600 sq foot homes that sold for around 525k(these homes had very odd floorplans or needed reno so they sold a bit low).  Lot is about 1.25 miles from center of uptown Charlotte. 

Asking 165k.