01 Collins Mountain Rd Chapel Hill, NC 27516

This property presents a rare investment opportunity, encompassing 89+/- acres located approximately 10 miles from downtown Chapel Hill. The front portion of the land, spanning 33+/- acres, features harvest-ready pines that have undergone their second thinning. The remaining 56+/- acres were clear-cut and replanted around 2017, offering potential for future timber value. The property is suitable as a timber investment or for large-lot residential development. It features over 850 feet of frontage on Collins Mountain Road. The current Agriculture Residential zoning allows for a minimum lot size of 40,000 square feet. Well and septic systems are required. The land is currently enrolled in the Present Use Value timber program, which provides deferred tax benefits. A buyer may choose to maintain this status. Buyers opting out of re-enrollment will be responsible for three years of rollback taxes, interest, and full property taxes going forward. The tax bill reflects the assessed value for being in the timber program. This acreage offers built-in timber income and long-term development potential.