Marcus & Millichap is pleased to present Ketchie Estates, a 23.66-acre entitled townhome development at 0 Ketchie Estates Road in China Grove, North Carolina. The site is fully entitled and approved for 106 townhome units (the final yield after all setbacks) under RM-CU zoning, with a complete civil engineering package prepared by CEC Surveying & Landscape Architects.
The offering delivers a developer a de-risked path to vertical construction: layout, grading, landscape, and environmental work are complete, and the parcel is served by municipal water and sewer. The program contemplates a flexible ~70% two-bedroom / 30% three-bedroom mix of 1,400 to 1,700 SF, three-story townhomes with alley-loaded garages, a product format absorbing strongly across the Charlotte region.
With roughly 1,300 feet of frontage on I-85 and Ketchie Estates Road, and a position within a federal Opportunity Zone, the site captures household formation from one of the fastest-growing metros in the United States while holding a land basis far below comparable in-market trades. The site also sits directly across I-85 from Macy’s new $584 million, 1.4 million SF fulfillment center, a facility ramping toward roughly 2,800 jobs and driving near-term rooftop demand in the immediate submarket.