Ketchie Estates Rd China Grove, NC 28023
- Mixed-use properties
- 23.66 lot acres
Current Use by Public Records
- Mixed-use properties
Property Details for 0 Ketchie Estates Rd
- Lot size
- 23.66 lot acres
- Property type
- Mixed-use properties
- Property subtype
- Land
Description
This exceptional 23.66-acre site in China Grove, NC, presents a prime development opportunity. Zoned LI-, it's approved for up to 250 multi-family units, offering significant potential for high-density residential construction. Located near the intersection of Ketchie Estates Rd and strategically positioned between Kannapolis and Salisbury, this property benefits from high visibility and accessibility due to its proximity to the recently reconstructed exit 65 off I-85, boasting an average annual daily traffic count of 74,000 vehicles. Further enhancing its appeal, the site is conveniently located 1.3 miles from a projected Macy's distribution center and within close proximity to other major employers, including Hitachi Metals. The property includes a Will-serve letter from the Town of China Grove for immediate water and sewer service hook-up, streamlining the development process. Extensive groundwork has already been completed, including a Phase I environmental study and a complete topographical survey. Supporting documents, including construction documents, will be shared upon execution of a Letter of Intent or contract. This ready-to-develop site offers a unique opportunity to capitalize on the area's robust growth and high demand for residential housing. The asking price is $2,000,000. APN: 124 101.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- China Grove
- County
- Rowan
- State
- North Carolina
- Longitude
- -80.5629
- Latitude
- 35.5705
