0 Ketchie Estates RdChina Grove, NC 28023

Property Details for 0 Ketchie Estates Rd

Lot size

23.66 AC

Property type

Land

Property subtype

Multifamily properties

Description

This exceptional 23.66-acre site in China Grove, NC, presents a prime development opportunity. Zoned LI-, it's approved for up to 250 multi-family units, offering significant potential for high-density residential construction. Located near the intersection of Ketchie Estates Rd and strategically positioned between Kannapolis and Salisbury, this property benefits from high visibility and accessibility due to its proximity to the recently reconstructed exit 65 off I-85, boasting an average annual daily traffic count of 74,000 vehicles. Further enhancing its appeal, the site is conveniently located 1.3 miles from a projected Macy's distribution center and within close proximity to other major employers, including Hitachi Metals. The property includes a Will-serve letter from the Town of China Grove for immediate water and sewer service hook-up, streamlining the development process. Extensive groundwork has already been completed, including a Phase I environmental study and a complete topographical survey. Supporting documents, including construction documents, will be shared upon execution of a Letter of Intent or contract. This ready-to-develop site offers a unique opportunity to capitalize on the area's robust growth and high demand for residential housing. The asking price is $2,000,000. APN: 124 101.

Location Insight

City

China Grove

County

Rowan

State

North Carolina

Latitude

35.5705

Longitude

-80.5629

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