000 Kluttz Rd Salisbury, NC 28147
This exceptional 34.34-acre property in Salisbury, NC (Rowan County, zip code 28147), offers significant development potential. Located near the town of Faith, it's zoned EJ2 and R3, allowing for various uses. The minimum lot size for single-family dwellings, per the Town of Faith, is 20,000 square feet. A portion is currently enrolled in an agricultural program, resulting in tax deferrals. Note that no perc test records are available, and a jurisdictional wetland area (Riverine) exists along an intermittent stream on the east edge, as detailed in the provided wetland map. The seller envisions a community named "Skip's Crossing" if the property is subdivided. The asking price is $549,440 ($16,000/acre). The APN is 354 034. Please be mindful of neighboring driveways when viewing the property. This land presents a unique opportunity for a private estate, residential development, or other suitable ventures. Further information regarding development and subdivision is available from the Town of Faith.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.