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1125 Klumac Rd

6.2 Acres of Commercial Land Offered at £1,427,971 in Salisbury, NC 28146

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Investment Highlights

Excellent Visibility from I-85 north and south-bound
Located in qualified census tract that is eligible for tax credits for certain developments
Flexible HB zoning with no density cap

Convenient access from 2 Exits on I-85
Sewer and water available on parcel
Potential Uses include Multi Family, Retail, Warehouse, Hospitality, and more

Executive Summary

Property has may different potential uses including retail, hotel, car-dealership, and retail warehouse. Parcel is located in a qualified census tract and is eligible for tax credits for certain developments.

1125 Klumac Price Reduced

Salisbury, NC Land Development Ordinance

Property Facts Under Contract

Price	£1,427,971	Proposed Use	Commercial Multifamily Apartment Units Auto Dealership Distribution General Freestanding Hotel Industrial Live or Work Unit Motel Planned Unit Development Retail Warehouse Storefront, Retail or Residential Strip Centre
Sale Type	Investment or Owner User	Total Lot Size	6.20 AC
No. Lots	1	Cross Streets	Rescue Rd
Property Type	Land	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Property Subtype	Commercial

Price	£1,427,971
Sale Type	Investment or Owner User
No. Lots	1
Property Type	Land
Property Subtype	Commercial
Proposed Use	Commercial Multifamily Apartment Units Auto Dealership Distribution General Freestanding Hotel Industrial Live or Work Unit Motel Planned Unit Development Retail Warehouse Storefront, Retail or Residential Strip Centre
Total Lot Size	6.20 AC
Cross Streets	Rescue Rd
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

1 Lot Available

Lot

Price	£1,427,971	Lot Size	6.20 AC
Price Per AC	£230,318

Price	£1,427,971
Price Per AC	£230,318
Lot Size	6.20 AC

Description

This +/-6.2 Acre Lot has excellent visibility and accessibility making it a great opportunity for retail development. The property is located between 2 exits on I-85, which has 75,000+ vehicles per day. Property has may different potential uses including retail, hotel, car-dealership, and retail warehouse. Parcel is located in a qualified census tract and is eligible for tax credits for certain developments.

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