New Offering: 8.14-Acre Opportunity Zone Multi-Family Development Site in Charlotte MSA

Click Here to View Offering Materials: Crossing at Town Creek

Capstone Land Sales is pleased to present the Crossing at Town Creek Development Site: a 8.14-acre affordable housing site directly adjacent to I-85 in Salisbury, NC. The site falls within a Qualified Census Tract (QCT) and has by-right zoning that allows up to 200 units, positioning the site well for developers to pursue 4% tax exempt bonds through the North Carolina Housing Finance Agency’s (NCHFA). The property is ideally situated on Salisbury/Old Concord Road with direct access to I-85 and other major thoroughfares, and boasts exceptional connectivity to the greater Charlotte MSA and the neighboring Piedmont Triad region. The site is also located in an Opportunity Zone, thereby offering the future development team the flexibility to pursue a conventional multi-family project or an affordable tax credit development with favorable development incentives in-place.

Existing Value Propositions
Ideal LIHTC Development Opportunity Located in Qualified Census Tract
Zoned By-Right for ±200 Units
Proximity to an Abundance of Job Opportunities and Retail
Highly Accessible Site with Highway Visibility

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