Salisbury Residential Development Tract
45.24+/- Acres - Residential-Focused Development
Marketing description
This 45.24+/- acre tract on Gaskey Road in Salisbury, North Carolina, presents a compelling opportunity for a residential-focused development, with particular upside for a Manufactured Home Development (MHD) consistent with surrounding land use and long-range planning policy. The property is strategically situated in unincorporated Rowan County yet directly adjoins parcels within the Salisbury city limits, creating a strong path to voluntary annexation and rezoning to access public water and sewer.
The site features a mix of gently sloping, cleared acreage suitable for development and wooded areas descending toward Grant Creek, which lies within a designated floodplain. Based on current flood mapping, approximately 13.4+/- acres are impacted by floodway or AE flood zone, leaving an estimated 31.84+/- usable acres, subject to final engineering and topographic analysis
The property directly adjoins Grants Meadow, a 57-lot manufactured/mobile home subdivision, and is surrounded by a mix of residential and commercial uses. Nearby residential developments are predominantly manufactured and modular housing, many of which were established more than two decades ago but have recently experienced renewed transaction activity - suggesting sustained demand for affordable, well-located housing inventory in the immediate submarket.
Call for Offers, with value driven by approved lot yield.
Investment highlights
- Utilities: Public water and sewer available upon annexation into Salisbury
- Current Zoning: RR – Rural Residential (Rowan County) Future / Target Zoning: Salisbury MHD – Manufactured Home Development, subject to annexation and rezoning
- Salisbury and Rowan County continue to see demand for workforce and attainable housing, particularly formats that can deliver homes at lower all-in costs than traditional site-built subdivisions
- Proximity to established manufactured housing communities reduces entitlement risk
- Buyer to be permitted time to pursue rezoning and annexation
- Positioned on the east side of Salisbury, with convenient access to existing neighborhoods and service
- Click to view the Digital Offering Memorandum: https://storymaps.arcgis.com/stories/35920a59c4754d24a93ff96d329593e3
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