Rare development opportunity offering 1 acre of land at a prime location. The parcel has already been rezoned to multifamily use and is approved for 17 units. The project is in the final stages of land development permitting, presenting an immediate turn-key opportunity for developers. Utilities infrastructure is in close proximity, making utility connections more convenient and cost-effective. 15 mins to uptown Charlotte, 10 mins to the University City and 5 mins to Charlotte's premier research park, home to multiple Fortune 500 companies, including IBM, Duke Energy, AT&T, etc. With the increasing demand for multifamily housing options in Charlotte, this property presents a remarkable opportunity to meet the needs of a growing market. The adjacent parcel 043-202-01 (5900 Nevin Rd, which has been approved for 60 units) is also for sale at $2,700,000. Buy both parcels at $3,500,000! The corner of Nevin & W Sugar Creek Rd can be rezoned to commercial and accommodate a 3000sqft building.