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000 Eastfield Road - 160/ Apts- Active Over 55 Development

13.4 Acres of Commercial Land Offered at £3,129,800 in Huntersville, NC 28078

Investment Highlights

  • Prime site in a signalized corner
  • Walmart within 1-min drive
  • 2-min drive from I-485
  • 15,000 VPD
  • Wide road frontage of 663 feet

Executive Summary

Strategically positioned at a signalized corner in Huntersville, this prime development site boasts high-traffic visibility, with approximately 15,000 vehicles per day (VPD), ensuring optimal exposure. With direct access to I-485, merely a 2-minute drive away, the site offers seamless connectivity to the broader region, enhancing its appeal for various development ventures.
Spanning an expansive 13.37 acres, the lot is approved for an active over 55 community, featuring 160 units of one and two-bedroom residences. This development aligns perfectly with the demographic needs of the area, offering an attractive living option for seniors.
The proximity of Walmart, just a 1-minute drive from the site, ensures residents' daily necessities are easily accessible, adding to the desirability of the community. Fully serviced with essential utilities including water, gas, electricity, and sewer facilities, the site is primed for development, eliminating logistical hurdles.
With an impressive 663 feet of road frontage on Eastfield Rd, the development enjoys enhanced accessibility and visibility, further enhancing its appeal as a lucrative investment opportunity.

Property Facts

Price £3,129,800
Sale Type Investment
Sale Conditions Design & Build
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Multifamily
  • Apartment Units - Senior
Total Lot Size 13.40 AC

1 Lot Available

Lot

Price £3,129,800
Price Per AC £233,567
Lot Size 13.40 AC

13 acre development site

Description

Situated at a strategically signalized corner, this prime parcel of land offers an exceptional canvas for an active over 55 community. Boasting high-traffic visibility with approximately 15,000 vehicles per day (VPD) and direct access to I-485 just a 2-minute drive away, this site ensures effortless connectivity to the wider region. Approved for a vibrant community catering specifically to the over 55 demographic, this development encompasses 160 units of one and two-bedroom residences. Designed to meet the evolving needs of today's seniors, these thoughtfully planned units provide a comfortable and modern living experience. Convenience is paramount, with a Walmart located within a mere 1-minute drive, ensuring residents have easy access to daily essentials. Fully equipped with essential utilities including water, gas, electricity, and sewer facilities, the property is primed for seamless development, eliminating logistical barriers. Featuring an expansive 13.37-acre lot and an impressive 663 feet of road frontage on Eastfield Rd, this development offers unparalleled visibility and accessibility.

  • Listing ID: 30933723

  • Date on Market: 12/02/2024

  • Last Updated:

  • Address: 000 Eastfield Road, Huntersville, NC 28078

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