274/294 N Pilot Knob Rd Denver, NC 28037

Positioned in the heart of one of Denver's fastest-evolving growth corridors, this approximately 33.53± acre assemblage consisting of parcels 31852, 34480, and 34479 presents a strategic opportunity for future development and long-term investment. The property is currently zoned R-T and located within the Eastern Lincoln Development District (ELDD) overlay. County water is available to all three parcels. Located directly across from Cambridge Village - home to Publix, retail, dining, service-based businesses, and the Avril Cambridge Village apartment complex - the area continues seeing significant residential and commercial expansion fueled by population growth, strong commuter access, infrastructure discussions, and increasing demand throughout the Lake Norman market. The property is also located within the WS-IV Protected Area of the Catawba/Mountain Island Lake Watershed. Residential development is subject to watershed density limitations of 3.0 units per acre for single-family and two-family development, or 2.0 units per acre where curb and gutter are installed. Other permitted residential and nonresidential uses are subject to maximum impervious surface limitations of 36%, or 24% where curb and gutter are installed. A potential 10/70 watershed option may allow certain qualifying nonresidential projects to achieve up to 70% impervious surface coverage through special use permit approval on a project-by-project basis by the Board of Commissioners. The site falls within an area designated by Lincoln County's Land Use Plan as a future "Walkable Activity Center," supporting long-term planning objectives centered around thoughtful growth, connectivity, mixed-use concepts, and community-oriented development patterns. See attached PDF info regarding this designation. Commercial development would require rezoning. Commercial projects exceeding 50,000 square feet would require rezoning to Planned Development-Commercial or Planned Development-Industrial depending upon proposed use. Mixed-use concepts would require Planned Development-Mixed Use rezoning. Residential projects proposing 50 or more dwelling units would require Planned Development-Residential rezoning. Lincoln County recently approved updates to the Unified Development Ordinance (UDO) on 5/18/26, including combining the ELDD permitted use table with the base zoning permitted use table to streamline classification and improve usability for staff and the development community. This revised UDO can be found in the attachments as well. This is not a simple plug-and-play development tract. Buyers should conduct thorough due diligence regarding zoning, rezoning pathways, watershed regulations, utility availability, roadway improvements, environmental conditions, development standards, and all county approvals important to buyer's intended use. This is not just raw land - this is a strategic land position in eastern Lincoln County. An opportunity for the right buyer to help shape what comes next for Denver of the East while establishing a lasting presence that can impact this community for generations to come. As Denver continues evolving, opportunities to influence the long-term direction of upward momentum in this market are becoming increasingly limited. Existing structures are being sold as-is. Do not enter home on property- the roof is unsafe and the property is a tear down. Deeded easements and utility easements exist. Buyers to verify all information important to their intended use. More photos coming soon of the Cambridge Village retail center.