Land

Crowders Creek

W Franklin Blvd & Patterson Circle Gastonia, North Carolina United States 28052

Asking Price Contact for pricing

Area Size N/A

NOI Net Operating Income N/A

Cap Rate N/A

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Key facts

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Property description

EXCEPTIONAL +/- 288 ACRE MASTER PLANNED DEVELOPMENT

OPPORTUNITY IN THE HEART OF GASTONIA – CHARLOTTE, NC MSA

Jones Lang LaSalle, a North Carolina licensed real estate broker, has been retained as the exclusive sales representative for Crowders Creek (the “Property”) Development Site: a +/-288 acre master planned community in Gastonia, NC, the second largest city in the Charlotte MSA.

Crowders Creek is less than 30 minutes away from Uptown Charlotte and the world’s 5th busiest airport, Charlotte Douglas International. Additionally, the property has outstanding regional connectivity with convenient access to Highway 74, I-85, US Highway 321, and I -485 which are several of the major arteries serving Gastonia and Charlotte MSA.

Population within a one-mile radius of Crowders Creek is expected to increase 8.51% by 2026, and residential development is struggling to keep pace with the 120 people (net) relocating to area daily. This growth has translated to record low housing inventory in Gastonia, and consequently median home sale prices have increased by 45% since the beginning of January 2020. Crowders Creek is well positioned to capitalize on this housing shortage and deliver much needed supply to the Gastonia market.

Investment highlights

±288-ACRE PARCEL

• REZONING IN PROGRESS

• UTILITIES IN PLACE WITH CAPACITY SHOWN FOR DEVELOPMENT

• DEVELOPER-FRIENDLY MUNICIPALITY

• 30-MINUTES FROM UPTOWN CHARLOTTE & CHARLOTTEDOUGLAS INTERNATIONAL AIRPORT

• 5 MILES FROM DOWNTOWN GASTONIA & NEW FUSE DISTRICT

Last Updated Date: 29 Apr 2022

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Last Updated Date: 29 Apr 2022

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The value of trust beneficiary rights fluctuates due to fluctuations in the price of real estate, and there is a risk of falling beyond the investment principal. Real estate prices are fluctuated by changes in the population of the area in which they are located and the number of newly supplied properties, fluctuations in interest rates and exchange rates, changes of tax system, loss/damage due to natural disasters such as earthquakes, deterioration over time, and the discovery of hidden defects such as soil pollution.

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