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470 Gaskey Rd
Salisbury, NC 28147
Salisbury Residential Development Tract · Land For Sale
·
45.24 AC
Investment Highlights
- Utilities: Public water and sewer available upon annexation into Salisbury
- Salisbury and Rowan County continue to see demand for workforce and attainable housing, particularly formats that can deliver homes at lower cost
- Buyer to be permitted time to pursue rezoning and annexation
- Current Zoning: RR – Rural Residential, Future / Target Zoning: Salisbury MHD – Manufactured Home Development, subject to annexation and rezoning
- Proximity to established manufactured housing communities reduces entitlement risk
- Positioned on the east side of Salisbury, with convenient access to existing neighborhoods and service
Executive Summary
This 45.24+/- acre tract on Gaskey Road in Salisbury, North Carolina presents a compelling opportunity for a residential-focused development, with particular upside for a Manufactured Home Development (MHD) consistent with surrounding land use and long-range planning policy. The property is strategically situated in unincorporated Rowan County yet directly adjoins parcels within the Salisbury city limits, creating a strong path to voluntary annexation and rezoning to access public water and sewer.
The site features a mix of gently sloping, cleared acreage suitable for development and wooded areas descending toward Grant Creek, which lies within a designated floodplain. Based on current flood mapping, approximately 13.4 ± acres are impacted by floodway or AE flood zone, leaving an estimated 31.84 ± usable acres, subject to final engineering and topographic analysis
The property directly adjoins Grants Meadow, a 57-lot manufactured/mobile home subdivision, and is surrounded by a mix of residential and commercial uses. Nearby residential developments are predominantly manufactured and modular housing, many of which were established more than two decades ago but have recently experienced renewed transaction activity—suggesting sustained demand for affordable, well-located housing inventory in the immediate submarket.
Call for Offers, with value driven by approved lot yield
The site features a mix of gently sloping, cleared acreage suitable for development and wooded areas descending toward Grant Creek, which lies within a designated floodplain. Based on current flood mapping, approximately 13.4 ± acres are impacted by floodway or AE flood zone, leaving an estimated 31.84 ± usable acres, subject to final engineering and topographic analysis
The property directly adjoins Grants Meadow, a 57-lot manufactured/mobile home subdivision, and is surrounded by a mix of residential and commercial uses. Nearby residential developments are predominantly manufactured and modular housing, many of which were established more than two decades ago but have recently experienced renewed transaction activity—suggesting sustained demand for affordable, well-located housing inventory in the immediate submarket.
Call for Offers, with value driven by approved lot yield
Property Facts
| Sale Type | Investment | Property Subtype | Commercial |
| No. Lots | 1 | Proposed Use | |
| Property Type | Land | Total Lot Size | 45.24 AC |
| Zoning | RR - Rural Residential - Rural Residential | ||
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 45.24 AC |
| Zoning | RR - Rural Residential - Rural Residential |
1 Lot Available
Lot
| Lot Size | 45.24 AC |
| Lot Size | 45.24 AC |
45.24+/- Acres - The site features a mix of gently sloping, cleared acreage suitable for development and wooded areas descending toward Grant Creek.
Property Taxes
| Parcel Numbers | Improvements Assessment | $17,121 CAD | |
| Land Assessment | $259,177 CAD | Total Assessment | $276,298 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$259,177 CAD
Improvements Assessment
$17,121 CAD
Total Assessment
$276,298 CAD
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