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Executive Summary

Premier large-scale residential development opportunity in the rapidly growing East Spencer / Salisbury market. This site has been annexed, rezoned, and site plan approved for 164 townhome units, offering developers a rare chance to acquire a substantially advanced project with meaningful entitlement work already completed. Phase I Environmental Report has been completed, and site/utility schematics are available for review. Strategically positioned near major transportation corridors, employment centers, and continued regional growth, this property is well suited for regional or national builders seeking a scalable attached-housing development opportunity in an emerging submarket. Contact listing broker for due diligence materials, development documentation, and additional project information.

Property Facts

Price $1,200,000
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Multifamily
  • Apartment Units - Subsidized
Total Lot Size 26.00 AC
Opportunity Zone Yes
Zoning COM-NEC

1 Lot Available

Lot

Price $1,200,000
Price Per AC $46,153.85
Lot Size 26.00 AC
Not walkable
10/100
Exceptionally drivable
100/100
Not bikeable
10/100

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 027-011
  • 053-008
  • 029-01301
Land Assessment
$265,870
Improvements Assessment
$0
Total Assessment
$265,870
  • Listing ID: 40330647

  • Date on Market: 4/29/2026

  • Last Updated:

  • Address: 0 Pinetree, East Spencer, NC 28144

Contact the Sale Advisor

0 Pinetree - 164 Townhome Development Opportunity

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