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- LoopNet Team
Ketchie Estate Rd
China Grove, NC 28023
Prime Multi Family Location Bordering I-85 · Land For Sale
·
23.66 AC
INVESTMENT HIGHLIGHTS
- Fully Entitled Multi-Family Project For Over 230 Units
- Full Topographical Survey Completed
- Phase I Complete
PROPERTY FACTS
| Property Type | Land | Proposed Use | |
| Property Subtype | Residential | Total Lot Size | 23.66 AC |
| Zoning | RM-CU - Residential - Multi-family up to 250 units (based on bedroom count) | ||
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | |
| Total Lot Size | 23.66 AC |
| Zoning | RM-CU - Residential - Multi-family up to 250 units (based on bedroom count) |
DESCRIPTION
This 23.66-acre multi-family site is as close to shovel-ready as you can find. Fully entitled site for over 230 units (based on bedroom/parking space configuration). Construction documents are in process by the engineer. Zoning is in place from China Grove. DOT has given preliminary approval. Duke Energy has promised service. Water and sewer confirmed. Liberty Grove subdivision - on a 72-acre plot, which is also in China Grove, is near the intersection of US 29 and Lentz Road has approximately 224 attached/detached homes, and is just south of this parcel. Kensington subdivision - on a 64-acre plot on the north side of town near the intersection of North Main Street and Red Fox. This subdivision is planned to have 174 homes with greenway and walkway space. Elevate the Grove - is a multi-family 240-apartment complex that is under construction at 290 Shue Road. Sewer and construction easement with neighboring Liberty Grove site (a single-family and townhouse development with a commercial component). The site has undergone Phase I study, and a complete topo survey is available. The engineer who has worked on this project and continues to fine-tune it can also be available to answer questions and would like to remain with it. All this is ready to occur at exit 68 off of I-85 in China Grove. Located between Kannapolis and Salisbury, this area has recently landed high-profile developments, including the new Macy's distribution center. As Macy's is the most noteworthy commercial/industrial site in the China Grove area, there are other commercial developments recently approved or currently in review by China Grove: -JJ Kane Auctioneers - Auto Auction site which will be located at 820 E NC 152 - approved. -Altec has a 7,344 sqft addition to the present 16,280 sqft current structure located at 800 E NC 152 - under review. -Taco Bell - which will be the new construction of a 2049 sqft restaurant with a drive-thru located at 600 US 29S is currently - under review. These employees need places to live! Make this development that place. Average Daily Traffic: US29 before the intersection 15,000/aadt US 29 North 12,000/aadt Hwy 152 ramp 5,000/aadt I-85 off ramps 8,500/aadt 1.3 miles to projected Macy's Distribution Center 1.8 miles to Hitachi Metals 1.9 miles to downtown China Grove Sellers will share supporting documents once under an LOI or contract.
