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    OFF-MARKET
    Land

    I-40 & New Hope Church Rd, Chapel Hill, NC 27516

    49.7 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 49.7-acre parcel presents a remarkable opportunity for residential development. Located in Chatham County, North Carolina, near the intersection of I-40 and New Hope Church Road, this property boasts an ideal location just minutes from Chapel Hill, Durham, and Hillsborough. The land is zoned RB - Rural Buffer (Single Family), allowing for single-family residential construction. The property's APN is 9872540013 | 9872630055. Its convenient location offers easy access to major transportation routes and urban amenities while providing a tranquil setting. A significant advantage is the property's adjacency to Blackwood Farm Park, a 152-acre Orange County park, providing residents with access to extensive green space and recreational opportunities. This well-situated land is perfect for a subdivision project, offering the potential for significant returns. The existing well and septic infrastructure further enhances the development potential, minimizing initial infrastructure costs. This is a rare opportunity to acquire a substantial tract of land in a highly desirable area, poised for immediate development. The property's size and zoning make it an attractive investment for developers seeking to capitalize on the strong demand for residential properties in this rapidly growing region. The combination of location, zoning, and access to amenities makes this a truly exceptional opportunity. Contact us today to learn more.

    Property profile
    Verified
    Property type Land
    Lot 49.7 ac (2,164,932 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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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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