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Melonee Ray
704-287-7875
11025 Reed Mine Rd, Locust, NC 28097
0 Beds
0 Baths
n/a sqft

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DEVELOPMENT OPPORTUNITY in the growing city of Locust, NC. Only 25 minutes from center city Charlotte, NC. The Villages At Red Bridge is an existing Golf Course community with one neighborhood already in place with homes currently under construction. There are an agreed to 1042 units that can be constructed with the city and the rights to sewer capacity for these units. Single Family homes, patio homes and condos or duplexes. Future development will require roads and underground utilities to be continued throughout the property. This is a large project for the right developer. The sale will consist of Approximately 230 +/- Acres of buildable space and the 180 +/- acre golf course. The course has been running for close to 10 years, is managed by a company and is profitable. There are still an available 40 +/- lots that are already complete with street and utilities in the current Glenwood Neighborhood that could also be discussed in addition to the current offer. Possible partnering.
  • Price:
  • $25,900,000
  • Acreage:
  • 430.00
  • Listing ID #:
  • 3460000
  • Street Address:
  • 11025 Reed Mine Rd
  • City:
  • Locust
  • State:
  • North Carolina
  • Postal Code:
  • 28097
  • County:
  • Cabarrus
  • Listing Status:
  • Active
  • Complex/Building Access:
  • City Street
  • Lot Features:
  • On Golf Course, Open/Cleared, Pasture, Pond/Lake, Wooded
  • Suitable Use:
  • Multi-Family, Residential, Subdevelopment
  • Wooded Acres:
  • 230.00
  • Community Features:
  • Club House, Golf Course, Pond
  • Days On Market:
  • 177
  • Restrictions:
  • Architectural Review
  • Existing Water:
  • County Water
  • Sewage Type:
  • City Sewer
  • Listing Provided By Landvestors Group
  • CRRA
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo