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    OFF-MARKET
    Land

    1942 Jones Ferry Rd, Chapel Hill, NC 27516

    22.55 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 22.55-acre residential land parcel presents a unique development opportunity in Southern Orange County, North Carolina. Located on Jones Ferry Road, near the Chatham County line, this property boasts an agricultural residential zoning designation and is situated within the Haw River Protected Watershed. Recent nearby new home sales have exceeded $1,000,000, indicating strong market demand and potential for significant return on investment. The site's potential yield is estimated at up to nine individual lots, making it ideal for a variety of residential development projects. Conveniently located within a 10-minute drive of Chapel Hill and Carrboro, and a 15-minute drive of Pittsboro and Chatham Park, this property offers unparalleled access to thriving communities and amenities. The Orange County PIN is 9757-31-5790-000. The asking price is $500,000, translating to approximately $22,172.95 per acre. This represents a compelling opportunity to acquire a substantial land holding in a highly desirable area. The property's address is 1942 Jones Ferry Rd, Chapel Hill, NC 27516.

    Property profile
    Verified
    Property type Land
    Lot 22.55 ac (982,278 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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