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    00 Forest Hill Rd, Unit Lexington Lexington, NC 27295

    For Sale
    $650,000

    20-acre Lexington, NC site approved for 55 single-family homes.

    Property Features for 00 Forest Hill Rd

    General Information

    Standard status
    Active

    Source: TERRI BIAS & ASSOCIATES INC Agent LW ODELL

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Lexington Residential Development Opportunity

    This 20-acre tract in Lexington, NC, presents a residential development opportunity with conditional approval for 55 single-family homes. Zoned Traditional Neighborhood (TN) / RA3 / HC, the site's proposed TN zoning aligns with the City of Lexington’s long-term growth plan. The concept plan features a density of 2.74 units per acre, totaling 55 dwelling units, and includes 116 parking spaces, allocated at 2 per unit. Dedicated open and recreation space spans 0.65 acres, complemented by 1.51 acres designated for stormwater detention areas. Pedestrian-friendly features are incorporated, such as mulch paths, crosswalks, and landscaped buffers. The property is conveniently located near US-64, US-52, and US-70, offering builders and developers access to a growing residential corridor.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Gym & Fitness Auto Repair Shop Pharmacy Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lexington
    County
    Davidson
    State
    North Carolina
    Longitude
    -81.0306569
    Latitude
    35.2135593

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    FAQs

    What type of property is this?
    Land - 20-acre Lexington, NC site approved for 55 single-family homes.
    Where is this land located?
    The property is located at 00 Forest Hill Rd, Unit Lexington Lexington, NC.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: - Approved for 55 single-family homes, offering immediate development potential.; - Prime 20± acre tract in a growing residential corridor of Lexington, NC.; - Zoned Traditional Neighborhood (TN) / RA3 / HC with proposed TN zoning, aligning with city growth plans.
    (336) 399-7726
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    00 Forest Hill Rd, Unit Lexington Lexington, NC 27295
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    Lexington, NC 27295
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    00 Forest Hill Rd, Unit Lexington Lexington, NC 27295
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