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Downtown Development Land Opportunity
For Sale
$450,000

515 Central, Clayton, NC 27520

Two parcels totaling about 5.87 acres offer road frontage and city water and sewer access for residential development.

Property SizeContact for details
Lot Size5.87 Acres
Days on Market59

Property Features for 515 Central

General Information

Standard status Active
Lot size 5.87 Acres
Property subtype Land or Vacant Lot

Site & Location

Highway Access Yes
Road Access Yes
Utilities to Site Yes

Taxes and HOA fees

Annual Taxes $405

Amenities

Hardwood Trees
Many Trees
Wetlands
Wooded
Listing Agency: NATIONAL LAND REALTY CENTRAL NC MLS LLC
Listed By: TERRI PERRY
Source: Corcoran
Added: Jun 18 Changed: Aug 8 Last Checked: Aug 8 at 8:33AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NATIONAL LAND REALTY CENTRAL NC MLS LLC

Investment Insights

Based on property information with market context.

This for-sale offering consists of two parcels totaling approximately 5.87 acres, providing a development tract in downtown Clayton. The first parcel is 515 Central Street, which includes an abandoned/condemned home and is zoned RLL (Residential Large Lot). The second parcel, Lot 2 Hillcrest Circle, is zoned RHD (Residential High Density) and comprises the larger portion of the acreage.

The property has road frontage and access to city water and sewer, with sewer infrastructure already in place. The parcels are situated just off Main Street, with convenient access to downtown Clayton’s restaurants, shops, entertainment, and amenities, as well as Business Highway 70 for commuting throughout the Triangle region.

With zoning on both parcels geared toward residential use and existing sewer infrastructure in place, the site offers a flexible platform for future planning within Clayton’s downtown area.

Key Highlights

  • About 5.87‑acre development tract across two parcels in Downtown Clayton
  • 515 Central Street: approx. 0.84 acres (±) with an abandoned/condemned home; zoned RLL (Residential Large Lot)
  • Lot 2 Hillcrest Circle: approx. 5.03 acres (±); zoned RHD (Residential High Density)

Property Analytics

Current Use

Residential land & home ...

Suggested Use

Top Pick Pharmacy Dental Office Storage Facility Building Supply (Bike/Boat/Book/etc) Store Cafe & Coffee Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Highway access
Yes
Paved road access
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

664
Businesses Nearby

Demographics for 27520, NC

46,478
Population
18,540
Households
2.5
Avg Household Size
37
Median Age
29%
College-Educated
94%
High-School Grad
70.8 sq mi
ZIP Area
656
Density / Sq Mi
$84,545
Median Household Income
$45,147
Median Earnings
$1,430
Median Rent
$282,200
Median Home Value
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Residential land & home lot - Two parcels totaling about 5.87 acres offer road frontage and city water and sewer access for residential development.
Where is this residential land & home lot located?
The property is located at 515 Central Clayton, NC.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: About 5.87‑acre development tract across two parcels in Downtown Clayton; 515 Central Street: approx. 0.84 acres (±) with an abandoned/condemned home; zoned RLL (Residential Large Lot); Lot 2 Hillcrest Circle: approx. 5.03 acres (±); zoned RHD (Residential High Density)
More about this property
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