Crossing at Town Creek Development Site

Crossing at Town Creek Development Site

Salisbury, NC
Available
  • Property Type: Development/Land
  • Property Size: / 8.14 Acres

Overview

Capstone Land Sales is pleased to present the Crossing at Town Creek Development Site: a 8.14-acre affordable housing site directly adjacent to I-85 in Salisbury, NC. The site falls within a Qualified Census Tract (QCT) and has by-right zoning that allows up to 200 units, positioning the site well for developers to pursue 4% tax exempt bonds through the North Carolina Housing Finance Agency’s (NCHFA). The property is ideally situated on Salisbury/Old Concord Road with direct access to I-85 and other major thoroughfares, and boasts exceptional connectivity to the greater Charlotte MSA and the neighboring Piedmont Triad region. The site is also located in an Opportunity Zone, thereby offering the future development team the flexibility to pursue a conventional multi-family project or an affordable tax credit development with favorable development incentives in-place. 

Investment Highlights

  • Ideal LIHTC Development Opportunity Located in Qualified Census Tract
  • Zoned By-Right for ±200 Units
  • Proximity to an Abundance of Job Opportunities and Retail
  • Highly Accessible Site with Highway Visibility

Contact Information

Eric Liebich Investment Sales Advisor P: 248.225.3706
O: 800.746.3175 ext. 730
eric@capstone-companies.com
Ron Corrao Director P: 757.749.6994
O: 800.746.3175 ext. 712
ron@capstone-companies.com
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