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    Westbrook Ave Elon, NC 27244

    Sponsored
    For Sale
    $1,000,000

    Prime Elon location, 19.66 acres, residential zoning.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 19.66-acre parcel is situated at the intersection of Westbrook Avenue and University Drive in Elon, North Carolina. The property enjoys a highly desirable location, just two miles north of the I-40/I-85 interchange and two miles south of Elon University. Its zoning designation is Suburban Residential (SBR) within the Town of Elon, further enhanced by a Priority Corridor (PCO) zoning overlay. The Alamance County PIN is 108625. This strategic location benefits from high traffic volume, with approximately 15,000 vehicles per day traversing University Drive. The property's adjacency to Twin Lakes Community, a substantial master-planned continuing care retirement community, adds to its appeal. The area boasts abundant amenities and is experiencing significant new development, presenting a compelling opportunity for residential development. This significant landholding offers exceptional potential for a variety of residential projects, capitalizing on its prime location and favorable zoning. The property's size and location make it an attractive investment opportunity in a thriving North Carolina community. The property is located in Alamance County, NC, zip code 27244.

    Property Features for 0 Westbrook Ave

    General Information

    Property type
    Land
    Lot Size
    856,390 SF

    HighLights

    • ±19.66 acres in Elon, NC
    • Suburban Residential (SBR) zoning with Priority Corridor (PCO) overlay
    • Alamance County PIN 108625
    • 15,000 vehicles per day (VPD) on University Drive
    • Adjacent to Twin Lakes continuing care retirement community
    • Prime location with ample amenities and new development
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Elon
    County
    Alamance
    State
    North Carolina
    Longitude
    -79.524283204082
    Latitude
    36.090204700496

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    FAQs

    What type of property is this?
    Land - Prime Elon location, 19.66 acres, residential zoning.
    Where is this land located?
    The property is located at Westbrook Ave Elon, NC.
    What is the asking price?
    The asking price for this property is $1,000,000.
    What are key features of this property?
    This property features: ±19.66 acres in Elon, NC; Suburban Residential (SBR) zoning with Priority Corridor (PCO) overlay; Alamance County PIN 108625
    (919) 576-2501
    Request Owner's contact information
    Westbrook Ave Elon, NC 27244
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    Elon, NC 27244
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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

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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
    Westbrook Ave Elon, NC 27244
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