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    224 Klumac Rd Salisbury, NC 28144

    Sponsored
    For Sale
    $175,000

    Prime 1.02-acre site, CMX zoning, multiple uses.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    This exceptional 1.02-acre development site presents a unique opportunity in Salisbury, North Carolina. Located at 224 Klumac Rd, Rowan County, zip code 28144 (35.6542845, -80.48780965), the property is zoned CMX Corridor Mixed Use, offering a wide range of permitted uses. The CMX zoning encourages pedestrian-friendly development, minimizing traffic congestion and maximizing convenient access. This zoning designation allows for a diverse array of possibilities, including single-family and multi-family residential, family care homes, bed and breakfasts, hotels/motels/inns, professional offices, banks, drive-thru retail/restaurants, funeral homes, medical clinics, retail establishments, restaurants, and even movie theaters. The asking price for this prime development land is $175,000. Its location in Salisbury provides access to established infrastructure and a growing community. This versatile property is ideal for developers seeking a flexible and high-potential investment opportunity. The site's size and zoning make it suitable for a variety of projects, catering to diverse needs and market demands. Don't miss this chance to acquire a significant piece of Salisbury real estate.

    Property Features for 224 Klumac Rd

    General Information

    Property type
    Land
    Lot Size
    44,431 SF

    HighLights

    • 1.02‑acre development site in Salisbury, NC.
    • CMX Corridor Mixed‑Use zoning allows for diverse development, including residential, commercial, and hospitality uses.
    • Permitted uses include single‑family and multi‑family residential, hotels, restaurants, retail, medical clinics, and more.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Salisbury
    County
    Rowan
    State
    North Carolina
    Longitude
    -80.48780965
    Latitude
    35.6542845

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    FAQs

    What type of property is this?
    Land - Prime 1.02-acre site, CMX zoning, multiple uses.
    Where is this land located?
    The property is located at 224 Klumac Rd Salisbury, NC.
    What is the asking price?
    The asking price for this property is $175,000.
    What are key features of this property?
    This property features: 1.02-acre development site in Salisbury, NC.; CMX Corridor Mixed-Use zoning allows for diverse development, including residential, commercial, and hospitality uses.; Permitted uses include single-family and multi-family residential, hotels, restaurants, retail, medical clinics, and more.
    Request Owner's contact information
    224 Klumac Rd Salisbury, NC 28144
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    Salisbury, NC 28144
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    224 Klumac Rd Salisbury, NC 28144
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