5000 Durneigh Dr Kannapolis, NC 28081
The purpose of the Planned Development - Traditional Neighborhood Development (PD-TND) District is to encourage innovative and high-quality development that incorporates traditional neighborhood development practices such as compact form with a neighborhood center, a mix of uses, a strong public realm that is human-scale and pedestrian-oriented, integrated o…
Cap rate
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AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
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Property description
Physical attributes from public recordsZoning & alternative use
PD-TND · Kannapolis, NCThe purpose of the Planned Development - Traditional Neighborhood Development (PD-TND) District is to encourage innovative and high-quality development that incorporates traditional neighborhood development practices such as compact form with a neighborhood center, a mix of uses, a strong public realm that is human-scale and pedestrian-oriented, integrated open space and recreational opportunities, mixed-use development, and a range of housing choices. Substantial flexibility is provided, with the expectation that development quality will surpass what is otherwise achievable through the base zoning districts. District standards support the City’s existing traditional neighborhoods, encourage walkable urbanism, and provide a range of nonresidential uses that serve residents and the surrounding neighborhood. (2) USE STANDARDS Allowed uses and use-specific standards for principal, accessory and temporary uses are identified in Article 4: Use Regulations, but only those uses identified as permitted in the PD Plan are permitted in the district. (3) DIMENSIONAL STANDARDS DISTRICT STANDARDS Contiguous district area, minimum 8 acres Density, maximum To be established in PD Plan and PD Agreement LOT STANDARDS Lot area To be established in PD Plan and PD Agreement Lot width SETBACKS Front To be established in PD Plan and PD Agreement Side Rear BUILDING STANDARDS Building height To be established in PD Plan and PD Agreement (4) PD-TND DISTRICT DEVELOPMENT STANDARDS Each individual PD-TND district shall comply with the following standards. a. CENTER AND SUB-CENTERS A PD-TND district shall be designed with a neighborhood center and may also be served by one or more sub-centers (other neighborhood centers). A neighborhood center or sub -center shall consist of formal open space (such as a square, commons, green, or active recreation area) that is adjacent to nonresidential or civic uses (such as a school, religious institution, or other government bu ilding), and served by one or more prominent street intersections. If included, the civic use shall be located in a prominent location. Areas adjacent to neighborhood centers shall be zoned for commercial use. b. WALKING DISTANCE At least 80 percent of all residential dwelling units in a PD-TND should be within an eight-minute walk (approximately 1,850 feet) of the neighborhood center or a sub-center . c.
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.