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US Hwy 52 & Riverwood Rd 7 - 11 Acre Commercial Land Lots Offered at $1,400,000 - $2,200,000 Per Lot in Norwood, NC 28128
Investment Highlights
- 240 approved multifamily units
- Three-story multifamily product approved
- No rezoning required
- Two approved apartment parcels: 7 acres approved for 96 units, 11 acres approved for 144 units
- Public water and sewer capacity secured through GPD approvals
- Part of the 97-acre Two Rivers Mixed-Use Community
Executive Summary
240 Approved Multifamily Units Within a 97-Acre Master-Planned Community
Uwharrie Apartments at Two Rivers presents a fully entitled multifamily development opportunity within the larger Two Rivers Mixed-Use
Community, a 97-acre master-planned development in Norwood, North Carolina.
The multifamily component consists of two approved apartment development parcels totaling approximately 18 acres and approved for up to 240
residential units. The project benefits from secured utility capacity, established density approvals, and flexibility in unit mix and parking design,
providing developers with a streamlined path to delivery.
As part of the broader Two Rivers Mixed-Use Community, residents will enjoy a thoughtfully planned environment that integrates multifamily
housing, single-family neighborhoods, and employment-focused flex space within a single master plan.
Pricing:
Tract A: 7.0 Acres | 96 Approved Units | $1,400,000
Tract B: 11.0 Acres | 144 Approved Units | $2,200,000
Combined Offering: 18.0 Acres | 240 Approved Units | $3,600,000
The approved multifamily parcels are available individually or as a combined acquisition within the Two Rivers Mixed-Use Community, a 97-
acre master-planned development featuring residential, employment, and recreational components.
Uwharrie Apartments at Two Rivers presents a fully entitled multifamily development opportunity within the larger Two Rivers Mixed-Use
Community, a 97-acre master-planned development in Norwood, North Carolina.
The multifamily component consists of two approved apartment development parcels totaling approximately 18 acres and approved for up to 240
residential units. The project benefits from secured utility capacity, established density approvals, and flexibility in unit mix and parking design,
providing developers with a streamlined path to delivery.
As part of the broader Two Rivers Mixed-Use Community, residents will enjoy a thoughtfully planned environment that integrates multifamily
housing, single-family neighborhoods, and employment-focused flex space within a single master plan.
Pricing:
Tract A: 7.0 Acres | 96 Approved Units | $1,400,000
Tract B: 11.0 Acres | 144 Approved Units | $2,200,000
Combined Offering: 18.0 Acres | 240 Approved Units | $3,600,000
The approved multifamily parcels are available individually or as a combined acquisition within the Two Rivers Mixed-Use Community, a 97-
acre master-planned development featuring residential, employment, and recreational components.
Property Facts
| Price | $1,400,000 - $3,600,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | Commercial |
| No. Lots | 2 | Total Lot Size | 18.00 AC |
| Property Type | Land | ||
| Zoning | M-2 | ||
| Price | $1,400,000 - $3,600,000 |
| Sale Type | Investment |
| No. Lots | 2 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Commercial |
| Total Lot Size | 18.00 AC |
| Zoning | M-2 |
2 Lots Available
Lot A
| Price | $1,400,000 | Lot Size | 7.00 AC |
| Price Per AC | $200,000.00 |
| Price | $1,400,000 |
| Price Per AC | $200,000.00 |
| Lot Size | 7.00 AC |
96 Approved Units
Lot B
| Price | $2,200,000 | Lot Size | 11.00 AC |
| Price Per AC | $200,000.00 |
| Price | $2,200,000 |
| Price Per AC | $200,000.00 |
| Lot Size | 11.00 AC |
144 Approved Units
1 1
Somewhat walkable
30/100
Exceptionally drivable
90/100
Not bikeable
10/100
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US Hwy 52 & Riverwood Rd
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