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    Nc 96 Hwy Youngsville, NC 27596

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    For Sale
    Contact for pricing

    5.88-acre site approved for 72 multifamily units.

    Property size:
    5 SF
    Lot size:
    5.88 Acres

    Property Features for Nc 96 Hwy

    General Information

    Size
    5 SF
    Lot size
    5.88 Acres
    Source: Lee-associates

    Listing Agent: Russell Stewart

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

    Overview

    Entitled Multifamily Development Site

    This 5.88-acre site is a fully entitled, shovel-ready multifamily development opportunity. Approved for 72 garden-style units across three 3-story buildings, the property offers an ideal scale for developers seeking high-velocity lease-up in a limited-supply submarket. The site is located on NC 96 Hwy at Chili Rose Trail, approximately five miles from Wake Forest. The property is situated in Youngsville, one of the Triangle’s fastest-growing suburban markets, and is close to major transportation corridors. The site is approved for three garden-style buildings, each containing 24 units. The Franklin County PINs for the property are 1853-02-2935 and 1843-93-8208.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Youngsville
    County
    Franklin
    State
    North Carolina
    Longitude
    -78.4816984
    Latitude
    36.0306212

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    FAQs

    What type of property is this?
    Land - 5.88-acre site approved for 72 multifamily units.
    Where is this land located?
    The property is located at Nc 96 Hwy Youngsville, NC.
    What are key features of this property?
    This property features: - Shovel-ready multifamily development site; - Approved for **72 garden-style units**; - Located in a fast-growing suburban market
    (910) 783-6399
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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.

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    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
    Nc 96 Hwy Youngsville, NC 27596
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