Property profile

0 Old Us 421 Bear Creek, NC 27344

OFF-MARKET
Land
15 ac lot
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Property summary

AI-generated overview

This exceptional 15-acre property in Chatham County, North Carolina, presents a unique investment opportunity. Located on Old US 421 S in Siler City (zip code 27344), this land boasts over 1700 feet of road frontage, according to GIS data. Zoned A-R, it offers versatile usage potential, encompassing agricultural, industrial, and residential applications. The property benefits from an easement providing access to Southern Railway, offering significant logistical advantages for businesses requiring rail transport. Its strategic location offers easy access to major transportation arteries, including proximity to Raleigh-Durham International Airport (RDU) approximately 42 miles away, Siler City Municipal Airport (5 miles), and US 64 Business (4 miles). The area is experiencing significant growth, fueled by major developments such as Wolfspeed's silicon carbide manufacturing facility and the upcoming Toyota battery plant in Liberty. A planned unit development (PUD) encompassing over 200 acres is underway adjacent to the property, promising a vibrant new community with diverse amenities including an urgent care center, fueling stations, retail spaces, a theater, restaurants, residential housing (single-family and multi-family), and a senior living facility. This presents an unparalleled chance to capitalize on the region's burgeoning growth and become part of a thriving new community. With 35 colleges within a 50-mile radius, as reported by Collegesiply, the area also offers a strong workforce pool. The property's versatility and prime location make it an ideal investment for developers, businesses, or individuals seeking a significant landholding in a rapidly expanding market.

Property profile

Verified
Property type Land
Lot 15 ac (653,400 SF)

Cap rate & NOI

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

Location

Old Us 421 Bear Creek, NC 27344
Bear Creek metro
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Value estimations

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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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