111 Ray Kennedy Dr
Locust, NC 28097
Locust Town Center Development Site · Land For Sale
·
25.00 AC
Investment Highlights
- Majority of Horizontal Development & Infrastructure Completed
- Shovel-Ready with High Density Multi-Family Zoning In Place
- Development-Friendly & Supportive Municipality
- Minimal Supply & Non-Existent Development Pipeline
Property Facts
| Property Type | Land | Total Lot Size | 25.00 AC |
| Property Subtype | Commercial | ||
| Zoning | MULTIPLE | ||
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 25.00 AC |
| Zoning | MULTIPLE |
Description
Capstone Land Sales is pleased to present the Locust Town Center Development Site, located in the charming Locust Town Center master-planned community in the heart of Locust, NC. Located just 15 minutes from I-485 (75,000 VPD) and 35 minutes from Uptown Charlotte, this site offers excellent proximity to all the Charlotte MSA has to offer. Future developers will benefit from already in-place utility and road infrastructure, as well as a supportive and developer-friendly municipality that will allow for an expedited project delivery timeline. This site presents an attractive opportunity, offering developers substantial flexibility in project size, integration into the existing town center, and potential to JV with the town center master planners. Additionally, multi-family supply in the market remains astonishingly low while clear demand exists in the immediate area.
Property Taxes
| Parcel Number | 5575-03-23-2035 | Improvements Assessment | $119,802 |
| Land Assessment | $1,456,000 | Total Assessment | $1,575,802 |
Property Taxes
