86 Old Hwy Yanceyville, NC 27379
- Land
- 28.75 lot acres
Current Use by Public Records
- Land
Property Details for 86 Old Hwy
- Lot size
- 28.75 lot acres
- Property type
- Land
Description
This exceptional 28.75-acre parcel in Yanceyville, North Carolina, presents a compelling investment opportunity. Located on Old Hwy 86 in Caswell County (zip code 27379), this high and dry land boasts approximately 635 feet of road frontage. Currently zoned for agricultural use, the property offers significant potential for redevelopment. The municipality has expressed interest in a Planned Unit Development (PUD) allowing for mixed-use residential development. Water and sewer are readily available at the roadside. Its strategic location near the Virginia border, Danville Regional Airport, and a major casino/entertainment complex in Danville, Virginia, makes it highly attractive for residential development, potentially catering to a starter home community. The property is also conveniently situated within a 25-30 minute commute of Durham, NC. This cleared land presents a unique chance to create a thriving residential community, capitalizing on its prime location and development potential. The asking price is $1,050,000, translating to $36,521 per acre. Pro forma summaries for both self-developed and developer-to-builder models are available upon request.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Yanceyville
- County
- Caswell
- State
- North Carolina
- Longitude
- -79.3597
- Latitude
- 36.4234