1215 Old Concord RdSalisbury, NC 28146

Property Details for 1215 Old Concord Rd

Lot size

8.14 AC

Property type

Land

Description

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.

Location Insight

City

Salisbury

County

Rowan

State

North Carolina

Latitude

35.6445

Longitude

-80.4743

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