0 Roberson Ln Rocky Mount, NC 27804
Exceptional investment opportunity: 30.6 acres of land in Rocky Mount, North Carolina, already zoned R6MFA for multifamily development, allowing for up to 552 units. This flat, cleared site is currently being farmed and boasts the significant advantage of no wetlands. The property is conveniently located within 200 yards of a recently constructed $180,000,000 Interstate 64 overpass featuring four bridges, ensuring excellent accessibility. Development is further streamlined by the absence of developer cash proffers, and essential utilities—sewer and water—are readily available on-site. The property's APN is 383006494584, and it is owned by an LLC. The asking price is $4,350,000, translating to $162,581 per acre. This represents a unique chance to capitalize on a prime location with significant development potential and minimal upfront hurdles. The property is situated at Roberson Ln, Rocky Mount, NC 27804, in Edgecombe County.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.