Ketchie Estate Rd - Residential LAND FOR SALE


China Grove, NC 28023 1,030,630 SF
$3,360,000 USD
704-831-4633
Ketchie Estate Rd, China Grove, NC for Sale
$3,360,000 USD
Residential LAND - FOR SALE
1/6
1,030,630 SF

Ketchie Estate Rd
China Grove, NC 28023


HIGHLIGHTS

  • Opportunity Zone Tax Advantages: Qualified Opportunity Zone, offering potential federal capital-gains tax deferral and reduction for qualifying invest
  • Public Utilities in Place: Served by Salisbury-Rowan Utilities (water & sewer), Duke Energy (electric), and Enbridge Gas.
  • ±1,300' Frontage on I-85: Roughly 1,300 feet of frontage along I-85 and Ketchie Estates Road on the Charlotte to Salisbury spine.
  • $31,698 / Door Land Basis: Priced well below the regional median land value of $126,068 per unit and competitive with recent China Grove townhome land
  • Macy’s Fulfillment Center Across I-85: 1.4M SF, $584M facility directly across the interstate, ramping toward ~2,800 jobs.
  • Fully Entitled & Approved · 106 Units: Complete approved plan. Buyer acquires a shovel-ready, fully de-risked entitlement basis.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$3,360,000 USD

PRICE/ACRE

$142,012/AC

PRICE/SF

$3 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

Ketchie Estates Townhome Development

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Residential

LAND PROPOSED USE

Multi-Family, Apartment Units

LAND ACRES

23.66 AC

LAND SF

1,030,630 SF

OFFSITE IMPROVEMENTS

Sewer, Water

ZONING

RM-CU

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Isaiah ShatzMarcus & MillichapMore Info
704-831-4633

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Isaiah ShatzMarcus & MillichapMore Info
704-831-4633

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.