Ketchie Estates Townhome Development — Sale in China Grove, NC

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Commercial Land
  • Location: China Grove, NC 28023

Photos

Ketchie Estates Townhome Development — Sale in China Grove, NC, photo 1 of 5
Ketchie Estates Townhome Development — Sale in China Grove, NC, photo 2 of 5
Ketchie Estates Townhome Development — Sale in China Grove, NC, photo 3 of 5
Ketchie Estates Townhome Development — Sale in China Grove, NC, photo 4 of 5
Ketchie Estates Townhome Development — Sale in China Grove, NC, photo 5 of 5

Description

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. Investment Highlights: • Opportunity Zone Tax Advantages: The parcel lies within a designated Qualified Opportunity Zone, offering potential federal capital-gains tax deferral and reduction for qualifying investment. • Public Utilities in Place: Served by Salisbury-Rowan Utilities (water & sewer), Duke Energy (electric), and Enbridge Gas, with no septic or well constraints to underwrite. • ±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, minutes from Kannapolis and the NC Research Campus. • $31,698 / Door Land Basis: Priced well below the regional median land value of $126,068 per unit and competitive with recent China Grove townh

Market Context

This land in China Grove, NC is listed for sale. Compare it against other land listings for sale in China Grove, NC — view the full market.

Contact

Explore this market

Similar Commercial Land for Sale in North Carolina