01 Collins Mountain Rd Chapel Hill, NC 27516

This property presents a rare investment opportunity, encompassing 89+/- acres situated approximately 10 miles from downtown Chapel Hill. The front portion of the land, spanning 33+/- acres, features pines ready for harvest, having undergone their second thinning. The remaining 56+/- acres were clear-cut and replanted around 2017, offering potential for future timber value. This acreage is suitable for both timber investment and large-lot residential development. The property includes over 850 feet of frontage on Collins Mountain Road. The current Agriculture Residential zoning permits 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 that the buyer may choose to maintain. Buyers who opt out of re-enrollment will be responsible for three years of rollback taxes, interest, and full property taxes. The tax bill reflects the assessed value under the timber program. This versatile acreage offers built-in timber income and long-term development potential. It is recommended to download a land app before walking the property.