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    Old Us 1 Hwy New Hill, NC 27559

    For Sale
    $293,625

    Residential land, prime location, great investment.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 43.5-acre property in Chatham County, North Carolina, presents a unique investment opportunity. Situated on Old US Highway 1 in Moncure, this R-1 zoned land boasts approximately 980 feet of road frontage, providing convenient access to downtown Moncure via George Ray Road and Post Office Road. The property is strategically located near US Highway 1, Pittsboro Moncure Road, and Pea Ridge Road, offering excellent connectivity. Its proximity to the planned VinFast electric vehicle site further enhances its potential. The land consists of a single tract bisected by a CSX rail line. Chatham County's Future Use Plan designates this area for medium-density residential development. Existing infrastructure includes a 6-inch water line along Old US Highway 1 and George Ray Road, with additional water access from Post Office Road. This versatile property is ideal for large home sites, capitalizing on the area's significant growth and proximity to Research Triangle Park, I-540, Apex, Sanford, and Pittsboro. Priced at $6,750 per acre, this is a compelling opportunity in a thriving county. The property's flexible zoning and strategic location make it suitable for a variety of residential development projects.

    Property Features for 0 Old Us 1 Hwy

    General Information

    Property type
    Land
    Lot Size
    1,894,860 SF

    HighLights

    • 43.5‑acre Chatham County, NC property, R‑1 zoned, ideal for residential development.
    • ~980 feet of road frontage on Old US Hwy 1, with access via George Ray & Post Office Roads.
    • Excellent connectivity near US Hwy 1, Pittsboro‑Moncure Rd, & Pea Ridge Rd; close to planned VinFast site.
    • Single tract bisected by CSX rail line; Chatham County Future Use Plan designates medium‑density residential.
    • Existing 6‑inch water line along Old US Hwy 1 & George Ray Rd, additional access from Post Office Rd.
    • $6,750 per acre; near Research Triangle Park, I‑540, Apex, Sanford, & Pittsboro.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    New Hill
    County
    Chatham
    State
    North Carolina
    Longitude
    -79.074907874755
    Latitude
    35.623103032159

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    FAQs

    What type of property is this?
    Land - Residential land, prime location, great investment.
    Where is this land located?
    The property is located at Old Us 1 Hwy New Hill, NC.
    What is the asking price?
    The asking price for this property is $293,625.
    What are key features of this property?
    This property features: 43.5-acre Chatham County, NC property, R-1 zoned, ideal for residential development.; ~980 feet of road frontage on Old US Hwy 1, with access via George Ray & Post Office Roads.; Excellent connectivity near US Hwy 1, Pittsboro-Moncure Rd, & Pea Ridge Rd; close to planned VinFast site.
    (919) 576-2504
    Request Owner's contact information
    Old Us 1 Hwy New Hill, NC 27559
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    New Hill, NC 27559
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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
    Old Us 1 Hwy New Hill, NC 27559
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