INNOVATE Real Estate
Retail at Charlotte
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8 photos

$1,100,000

Charlotte, NC 28212
Listed by Judy Godwin · J Godwin Realty
Bedrooms
N/A
Bathrooms
N/A
Living area
N/A
Year built
1952

About this home

LAND (2 Lots facing Albemarle Road) HOUSE (5514 Grafton Place) for a total acreage of .981. Lots are vacant with zoning of R17MF. House is very charming with lots of handmade features built in 1952 and moved to the lot in 1960's. With rezoning of the house lot, this property would be great for apartments or your business. City water, City sewer, and natural gas on house lot. Check with City of Charlotte for availability for vacant lots. Tap fees are not paid for vacant lots. Excellent location for your next business or project. DON'T LET THIS OPPORTUNITY GET AWAY. MAKE YOUR OFFER TODAY. Thank you for your interest.

Property details

MLS #
CAR4211370
Property type
Retail
Subdivision
N/A
Status
Active
Days on market
536
On market date
January 9, 2025
Stories
N/A
Total bathrooms
N/A
Garage spaces
N/A
Parking spaces
N/A
Lot size
N/A

Location

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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card (e.g. NC Dept. of Public Instruction, SC Report Card).

Elementary
Winterfield Elementary
0.75 mi away · Grades -1-5
Zoned school (attendance boundary, 2015-16 data)
2.3
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: D (2025)
Enrollment
615
Student:teacher ratio
16.6:1
District
Charlotte-Mecklenburg Schools
Middle
Eastway Middle
1.38 mi away · Grades 6-8
Zoned school (attendance boundary, 2015-16 data)
2.3
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: D (2025)
Enrollment
848
Student:teacher ratio
15.4:1
District
Charlotte-Mecklenburg Schools
High
Cato Middle College High School
4.51 mi away · Grades 11-13
Zoned school (attendance boundary, 2015-16 data)
3.8
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: A (2025)
Enrollment
166
Student:teacher ratio
41.5:1
District
Charlotte-Mecklenburg Schools

Walkability

Blended score for Charlotte's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

73
Walkable
out of 100
EPA National Walkability Index
11.5 / 20 -- Above average walkable
Google Places amenity density
95 / 100
Restaurants & cafes20
Grocery stores20
Parks6
Schools10
Transit stops20
Pharmacies1

Market position

How this listing compares to current activity in Charlotte, from live MLS data.

On the market 536 days -- 464 more days than Charlotte's current average of 72 days.
For reference, the median list price across 3,662 active listings in Charlotte right now is $399,337.

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

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Adjust tax / insurance estimates
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Est. monthly payment
$6,774/mo
$220,000 down
$880,000 loan
Principal & interest$5,708
Property tax (est.)$917
Home insurance (est.)$150

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Data source: Listing information provided by Canopy MLS (carolina) via Trestle/CoreLogic. Last updated June 29, 2026.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.