Property profile

0 Westbrook Ave Elon, NC 27244

OFF-MARKET
Land
19.66 ac lot
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Property summary

AI-generated overview

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 profile

Verified
Property type Land
Lot 19.66 ac (856,390 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Westbrook Ave Elon, NC 27244
Elon metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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