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1215 Old Concord RdSalisbury, NC 28146

I-85 Accessible Multifamily Development Site

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional 8.14-acre commercial land parcel, located at 1215 Old Concord Rd in Salisbury, NC (APN 069-006), presents a unique opportunity for multifamily or townhome development. The property boasts CMX zoning, allowing for up to approximately 1200 units, making it ideal for both market-rate and affordable housing projects. Its strategic location directly adjacent to I-85 ensures excellent visibility and accessibility, providing easy connectivity to the greater Charlotte MSA and the Piedmont Triad region. Water and sewer are readily available. The site's designation as a Qualified Census Tract (QCT) and its location within an Opportunity Zone offer significant development incentives, including the potential for 4% tax-exempt bonds through the North Carolina Housing Finance Agency (NCHFA). Surrounded by retail amenities, job opportunities, and higher education institutions, this parcel offers a highly desirable location for developers seeking a prime site for a large-scale residential project. The property's convenient access to major thoroughfares and its advantageous zoning regulations combine to create a compelling investment opportunity. This is a rare chance to acquire a substantial tract of land with significant development potential in a rapidly growing area.

Highlights

  • 8.14-acre commercial land parcel in Salisbury, NC.
  • CMX zoning allows for up to approximately 1200 units.
  • Located in a Qualified Census Tract (QCT) and Opportunity Zone.
  • Direct I-85 visibility and access; excellent connectivity to Charlotte MSA and Piedmont Triad.
  • Water and sewer availability.

Property Details for 1215 Old Concord Rd

Property type
Land
Lot Size (sq. ft)
354,578 SF

Location Insight

City
Salisbury
County
Rowan
State
North Carolina
Latitude
35.6445028
Longitude
-80.4743452
1215 Old Concord Rd, Salisbury, North Carolina

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1215 Old Concord Rd
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