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3560 US-601 Hwy - +/-173ac Proposed Mixed Use PUD w/w&s onsite

173 Acres of Commercial Land Offered at £20,148,088 in Concord, NC 28025

Investment Highlights

  • Potential to be the 'Crown Jewel' development in the City of Concord
  • Near intersection of Hwy 601 and Hwy 49
  • Gateway development from the South
  • Future Mixed Use site with commercial/retail, single family and multifamily residential

Executive Summary

CFO due December 10, 2024
Seller's understand the process and are prepared to wait out the process. Two separate sellers working together for one sale. Please send two separate LOI's and contracts.
The Seller(s) acknowledge that the sewer allocation process may be lengthy and are prepared to wait; however, they require a non-refundable amount, equivalent to the annual property taxes, to be disbursed directly to the Seller on each contract anniversary.

Property Facts

Price £20,148,088
Sale Type Investment or Owner User
Sale Conditions Development Sale
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Mixed Use
  • Multifamily
  • Master Planned Community
  • Single Family Residence
Total Lot Size 173.00 AC
Cross Streets Zion Church Road

1 Lot Available

Lot

Price £20,148,088
Price Per AC £116,463
Lot Size 173.00 AC

±173-acre property is a premier PUD development site just 4 miles from downtown Concord & less than 25 miles from Charlotte. Directly across from a Food Lion-anchored shopping center, Mixed Use project w/commercial, single & multi family. 20,000 VPD

Description

CFO due December 10, 2024 ±173-acre property is a premier development site just 4 miles from downtown Concord & less than 25 miles from Charlotte. Directly across from a Food Lion-anchored shopping center, the property offers excellent visibility & high traffic counts, as confirmed by NCDOT. Annexation into the City of Concord is required for access to water & sewer services. Adjacent site has been approved for mixed use (site plan upon request) Designated in the Future Land Use Plan for Mixed-Use Development, the site is ideal for commercial, single-family, & multifamily residential projects. Positioned along the two-lane Hwy 601 & just 1/4 mile from the four-lane Hwy 49, which connects Charlotte, Concord, and Raleigh, the property benefits from seamless access to major markets. Its proximity to key highways and established commercial centers enhances its potential for diverse and high-impact development. Prime Development Opportunity: ±173 Acres in the Gateway to Concord Located at 3550 and 3650 US Hwy 601, Concord, NC, this ±173-acre property offers a unique and rare opportunity for developers in one of Concord’s most desirable growth corridors. The site is conveniently situated just 4 miles from downtown Concord and approximately 25 miles from Charlotte, making it a prime location for mixed-use development. Designated in the City of Concord Future Land Use Plan for Mixed-Use Development, this property is ideal for a blend of commercial/retail, single-family residential, and multi-family residential uses. Its strategic location allows for significant flexibility in planning and design to meet the needs of Concord's rapidly growing population. Access and Infrastructure: Two Entrances: Direct access from US Hwy 601 and Zion Church Rd, providing excellent connectivity and visibility. Roadways: Hwy 601 is a two-lane highway with high traffic counts as confirmed by NCDOT, and the property is located just 1/4 mile from Hwy 49, a four-lane highway connecting Charlotte, Concord, and Raleigh. Utilities: Annexation into the City of Concord is required to gain access to municipal water and sewer services. The Seller(s) acknowledge that the sewer allocation process may be lengthy and are prepared to wait; however, they require a non-refundable amount, equivalent to the annual property taxes, to be disbursed directly to the Seller on each contract anniversary. Key Features: Located directly across from a Food Lion-anchored shopping center, offering immediate commercial synergy and consumer traffic. Two parcels being sold together to maximize development potential. High visibility and accessibility, enhanced by its proximity to major highways and established retail. This ±173-acre site is a premier opportunity to create a thriving community that blends residential and commercial spaces. The property’s size, location, and zoning flexibility make it a prime candidate for investors and developers seeking a high-impact project in the growing Concord market. Contact us today to learn more about this exceptional property.

zoning

Zoning Code LDR (Site needs to be annexed into the City of Concord & rezoned to a PUD zoning. Masterplan has this site marked as a future Mixed Use development.)
LDR (Site needs to be annexed into the City of Concord & rezoned to a PUD zoning. Masterplan has this site marked as a future Mixed Use development.)
  • Listing ID: 33992766

  • Date on Market: 25/11/2024

  • Last Updated:

  • Address: 3560 US-601 Hwy, Concord, NC 28025

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