1/23
Property ID NC0007
0 Pinetree Dr, East Spencer, NC 28144 - 164 Townhomes Approved, Minutes from I-85 and Salisbury
Location
East Spencer, Rowan, North Carolina
Size
26.00 acres
Zoning
COM-NEC
Pay in full
$1,200,000
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. Listed on Crexi as Class B multifamily land, 164 units.
Clear title guarantee
Our promise that the land you buy comes with a clean, undisputed title—free of liens, claims, or ownership issues—backed by a professional title search and insurance.
Similar Properties
2407 N Main Street, Kannapolis, NC 28081-2447 - A Ready-Made Co-Living Income Property
0.69 acres · Rowan, NC
$400,000
$579,710 / acre
1400 Central Drive, Kannapolis, NC 28083-3743 - Turn This Jackson Park Home into a Rental Powerhouse
0.26 acres · Cabarrus, NC
$206,000
$792,308 / acre
8176 Chilkoot Lane, Locust, NC 28097 - Take over the loan, skip the bank, make it yours.
0.2 acres · Cabarrus, NC
$360,000
$1,800,000 / acre · From $2,509/mo