Good morning, Mep63:
The Charlotte Observer did a story on foreclosures and produced a map showing where they are located: Here is the map link: http://www.charlotteobserver.com/2009/05/08/712627.html
There are currently 3714 properties listed in the Carolinas multiple listing service as foreclosed, short sales, government owned, bankruptcy, estate, relocation or other distressed properties. About 1200 of these are under contract. Of the 2500 or so remaining, 131 are located in the area between I-77, NC74/Independence and the Mecklenburg/Union and Mecklenburg/Lancaster SC County line, plus all of South Charlotte, Uptown Charlotte, parts of Matthews. This area includes West Ballantyne (south of I-485 and between NC16/Providence Rd and the Meck County lines, where there are currently 15, 15 out of 2500 is 0.6%, which is a small percentage of the total..
Commute times to Ballantyne business park is very short. Commute to Uptown Charlotte is 20 to 45 minutes depending on time of day, but NCDOT is widening I-485, so this may improve in the coming years. There is a lot of Class A office space in Ballantyne and for many, it iis a desirable area. If you have a full time agent with a Masters degree in Planning with Finance and over two decades of experience, working for you, you will likely do better in negotiations. I'd be pleased to provide that service. If you appreciate this answer, please give it a thumbs up, or if this was the most helpful answer, please say thanks with a best answer click.