Listed by CBRE Charlotte, CBRE - Charlotte
Unpriced
Davidson East Mixed-Use Development Site
Details
APN 00719396,00718204,00719101
Property Type Mixed Use, Land
Sub Type Commercial
Acreage 29.410
Zoning Neighborhood Center II (NC2) subject to development agreement
Highway 73 at Ramah Church Road, Davidson, NC 28036
Marketing description
This Offering Memorandum presents a rare opportunity for a Mixed-Use Developer to acquire a 29.41-acre parcel within the highly desirable and growing town of Davidson, North Carolina.
Owned by Standard Pacific of the Carolinas, LLC (Lennar), this strategically located site offers an exceptional canvas for a comprehensive mixed-use project, leveraging existing entitlements and Davidson's reputation for quality of life and thoughtful development.
Investment highlights
- Prime Location: Situated within Davidson town limits with significant frontage on NC 73, Stonecutter Lane (frontage parkway), and a Shearer Road stub, ensuring excellent visibility and accessibility.
- Vested Entitlements: The site benefits from a Vested Master Plan (2007, amended 2018), which permits a substantial mixed-use program:
- Commercial: A minimum of 106,845 square feet of commercial
- space. This can accommodate a diverse range of uses including storefront, workplace, and institutional buildings, with a maximum height of four stories. A one-story grocery store (up to 50,000 sf) is permitted with specific conditions regarding adjacent multi-story buildings or a pedestrian/vehicular plaza.
- Residential: Entitlements for 136 apartments and 78 townhomes
- (remaining from previous phases), with townhomes and multi-family structures permitted up to three stories. Additional residential units (single-family) may also be possible from unbuilt allocations in earlier phases.
- Affordable Housing: A requirement for 12.5% affordable housing, with a payment-in-lieu option of $26,550 per unit
- "Neighborhood Center II" Planning Area NC2:: Designated for compact, mixed-use development that supports both residential and regional commercial/retail needs along major thoroughfares. The planning area emphasizes employment opportunities, commercial services, and compact development with integrated pedestrian and bicycle facilities.
- "Primary Future Growth Area": Identified in Davidson's Comprehensive Plan as a location where significant growth is directed over the next 20 years, underscoring the town's vision and commitment to this area.
- Sustainability & Walkability Focus: Davidson's "smart growth" design principles are ingrained in the site's planning, promoting a compact, connected, and transit-supportive environment. Required elements include a frontage parkway and a minimum of 10% open space. Drive-thru buildings are prohibited, reinforcing a pedestrian-first character.
- Staged Development Potential: While Lennar has no obligation to construct the Shearer Road extension, Certificates of Occupancy (CO) for Phases 6 & 7 (mixed-use commercial) are limited to 25% until this connection is completed, indicating a phased development approach.
- This offering provides a unique opportunity to shape a significant mixed-use community within a premier North Carolina town, capitalizing on Davidson's strong market fundamentals, academic influence, and high quality of life. The vested master plan provides a clear framework for development, minimizing entitlement risk and offering a compelling value proposition for a sophisticated mixed-use developer.
Listing Contacts
Listed by CBRE Charlotte, CBRE - Charlotte
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Zoning
RR MixedMixed UseRural Reserve
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View all 12 uses Last updated Feb 11, 2026 For deeper zoning details, reports are available at Zoneomics
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