Henderson Grove Church Rd. and Peach Orchard Rd

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Henderson Grove Church Rd. and Peach Orchard Rd

Salisbury, NC 28147
Asking Price
Contact for price
Asset Type
Land
Class
Class B

What's Special

Situated at the intersection of Henderson Grove Church Road and Peach Orchard Road in Salisbury, North Carolina, this land parcel occupies a transitional area characterized by a mix of established residential neighborhoods and agricultural properties. Local amenities, including various retail centers and dining options along the Highway 150 corridor, are accessible within a short drive. The location offers convenient transportation links, positioned approximately four miles from Interstate 85, providing a direct connection to the regional hubs of Charlotte and Greensboro. The property's zoning and strategic corner positioning make it suitable for several development opportunities. Potential use cases include low-density residential subdivision, equestrian facilities, or private estate development. Typical interest would likely come from regional residential developers seeking to capitalize on Salisbury’s suburban growth or private investors looking for land banking opportunities within Rowan County. The level topography and road frontage provide functional accessibility for construction and utility installation.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

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