Property summary
This exceptional 27.88-acre residential land parcel presents a compelling investment and development opportunity in Roxboro, North Carolina. Located within city limits on Somerset Drive, this property boasts convenient access to water and sewer services, eliminating significant infrastructure hurdles. The R-6 zoning allows for the creation of single-family homes on minimum 6,000 sq ft lots, or townhomes and multi-family units at 4,000 sq ft per dwelling unit when utilizing municipal sewer. Situated in the tranquil setting of Somerset Estates, a well-established residential subdivision, this land offers a peaceful environment while maintaining easy access to major roadways via direct access from Highway 15-501. The surrounding area features a mix of existing and new single-family homes, along with assisted senior living duplexes, indicating a diverse and thriving community. The property's proximity to Durham and the Research Triangle Park (RTP) area, approximately a 30-minute drive, provides exceptional convenience and connectivity to major employment centers and amenities. Existing water and sewer capacity is already in place, and the property is designated as a 2023 Qualified Census Tract (QCTs) 9206.01. This turnkey opportunity combines the serenity of a residential setting with the strategic advantages of a prime location and established infrastructure, making it an ideal platform for immediate development. Detailed development standards are available upon request.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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