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Ketchie Estate Rd - Ketchie Estates Townhome Development 23.66 Acres of Residential Land Offered at $4,759,474 CAD in China Grove, NC 28023
Investment Highlights
- Opportunity Zone Tax Advantages: Qualified Opportunity Zone, offering potential federal capital-gains tax deferral and reduction for qualifying invest
- ±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.
- Macy’s Fulfillment Center Across I-85: 1.4M SF, $584M facility directly across the interstate, ramping toward ~2,800 jobs.
- Public Utilities in Place: Served by Salisbury-Rowan Utilities (water & sewer), Duke Energy (electric), and Enbridge Gas.
- $31,698 / Door Land Basis: Priced well below the regional median land value of $126,068 per unit and competitive with recent China Grove townhome land
- Fully Entitled & Approved · 106 Units: Complete approved plan. Buyer acquires a shovel-ready, fully de-risked entitlement basis.
Executive Summary
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.
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.
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
Property Facts
1 Lot Available
Lot
| Price | $4,759,474 CAD | Lot Size | 23.66 AC |
| Price Per AC | $201,161.18 CAD |
| Price | $4,759,474 CAD |
| Price Per AC | $201,161.18 CAD |
| Lot Size | 23.66 AC |
1 1
Somewhat walkable
20/100
Exceptionally drivable
100/100
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Ketchie Estate Rd - Ketchie Estates Townhome Development
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