1105 Davis St, Salisbury, NC 28146
This exceptional 4.71-acre property, encompassing two parcels (APN 065115 & 065114), presents a remarkable development opportunity in Salisbury, NC. Located at 1105 & 1109 Davis St, zip code 28146, this flat land is situated in a rapidly expanding area, surrounded by new construction. The current UR8 zoning permits a high density, allowing for the construction of townhome-style units or quadplexes without the need for variances. This makes it ideally suited for a Build-to-Rent (BTR) project or a for-sale residential development. The property's proximity to downtown Salisbury adds significant value and appeal. With its substantial size and advantageous zoning, this land offers exceptional potential for investors seeking a high-return residential development project. The asking price for this prime real estate is $510,000. Serious inquiries are encouraged. This is a rare opportunity to acquire a large, well-located parcel in a thriving market. Don't miss out on this chance to capitalize on the growing demand for residential housing in Salisbury.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.