472 Turnersburg HwyStatesville, NC 28625

Property Details for 472 Turnersburg Hwy

Property type

Mixed-use properties

Description

This exceptional 32+-acre mixed-use development opportunity in Statesville, NC, presents a nearly shovel-ready project. Known as Statesville Gateway, this property boasts conditional approval from the City of Statesville for a Planned Unit Development (PUD). The approved plan allows for the construction of 160 to 182 townhome units and 50,000 to 70,000 square feet of commercial space. A previous buyer secured both the Conditional Approval Acceptance Letter and the Development Agreement before withdrawing from the deal, leaving this opportunity ripe for immediate development. The property comprises ten contiguous Iredell County tax parcels (numbers 4746426982.000, 4746426758.000, 4746427865.000, 4746426636.000, 4746425496.000, 4746425269.000, 4746414886.000, 4746406187.000, 4746416753.000, and 4746415424.000), located at 472 Turnersburg Hwy, Statesville, NC 28625. The asking price is $3,000,000. This is a rare chance to capitalize on a pre-approved project, minimizing upfront planning and permitting hurdles. With interest rates potentially stabilizing, this presents a timely investment opportunity for developers seeking a high-potential return.

Location Insight

City

Statesville

County

Iredell

State

North Carolina

Latitude

35.8289

Longitude

-80.8744

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