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Planned Unit Development Land Opportunity
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515 Walker Avenue, Norlina, NC 27563

Approved PUD land totaling approximately 71.81 acres with concept plans and phased residential product mix.

Property SizeContact for details
Lot Size71.81 Acres
Days on Market105

Property Features for 515 Walker Avenue

General Information

Standard status Active
Lot size 71.81 Acres
Property subtype Land
Zoning A-R

Additional Details

Road Access Yes
Listing Agency: Ninja Realty
Listed By: James Hutson · License #259143
Source: Crexi
Added: Apr 30 Changed: Aug 8 Last Checked: May 8 at 7:40AM

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 Ninja Realty

Investment Insights

Based on property information with market context.

A 71.81-acre Planned Unit Development (PUD) opportunity with concept plans approved by local authorities, designed for phased residential development with a mixed product offering and integrated community recreation connectivity. Phase One is planned to include duplexes, detached single-family homes, townhomes, quad-flex units, and multiple multifamily buildings, along with a self-storage facility as an income-producing component. The plan also calls for an internal roundabout, ponds and picnic shelter, an open-air chapel, a workplace/shop building, a community center and café, pocket parks, open green space, walking and running trails, sidewalks, and ample parking.

The site is positioned for Phase One to back directly to property owned by the Town of Norlina, where redevelopment of a municipal pool is anticipated along with a ball field, pickleball courts, and playground, designed to connect into Phase One for community integration. The site provides two primary access points from Walker Avenue, includes existing farm roads and open fields, and is predominantly flat topography. City water and sewer are available per the information provided, and GIS indicates none of the property lies within a flood zone; however, the public water and sewer may have to be run to the property at the developer’s expense, so buyers should check with the Town. The property is in the ETJ, and lot lines shown are estimates based on public data rather than survey lines.

Key Highlights

  • Approved 71.81‑acre planned unit development (PUD) with concept plans approved by local authorities
  • ETJ property with a phased mixed residential plan across duplexes, detached single‑family, townhomes, quad‑flex, and multifamily buildings
  • Phase One mix planned: 8 duplexes, 78 detached single‑family homes, 65 townhomes, 2 quad‑flex units, and 6 multifamily buildings, plus self‑storage

Property Analytics

Current Use

Residential land & home ...

Suggested Use

Top Pick Electrical Service Plumbing Service Garden Center (Bike/Boat/Book/etc) Store Dental Office Big Box & Wholesale Store

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
Paved road access

Location Intelligence

Trade Area within ½ mile

94
Businesses Nearby

Demographics for 27563, NC

4,970
Population
2,489
Households
2
Avg Household Size
44
Median Age
13%
College-Educated
85%
High-School Grad
71.4 sq mi
ZIP Area
70
Density / Sq Mi
$39,732
Median Household Income
$31,727
Median Earnings
$703
Median Rent
$87,300
Median Home Value
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Residential land & home lot - Approved PUD land totaling approximately 71.81 acres with concept plans and phased residential product mix.
Where is this residential land & home lot located?
The property is located at 515 Walker Avenue Norlina, NC.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Approved 71.81‑acre planned unit development (PUD) with concept plans approved by local authorities; ETJ property with a phased mixed residential plan across duplexes, detached single‑family, townhomes, quad‑flex, and multifamily buildings; Phase One mix planned: 8 duplexes, 78 detached single‑family homes, 65 townhomes, 2 quad‑flex units, and 6 multifamily buildings, plus self‑storage
(252) 915-2311 Call to check price and availability
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