6 Paddington Way Trent Woods, NC 28562
This exceptional 0.51-acre commercial land parcel presents a unique investment opportunity in the desirable Trent Woods, North Carolina. Located at 6 & 5 6 & 1/2 of 5 Paddington Way, this property, identified by APN numbers 8-203-9-004 and 8-203-9-005, is zoned for residential use, offering significant potential for development. The land is already divided, providing convenience and flexibility for future projects. Situated in Craven County, NC, zip code 28562, this lot benefits from its location within the established Village on Canterbury development, a community featuring 27 lots approved for single-family homes. The asking price is $127,500, representing a price per acre of $250,000. While currently zoned residential, the commercial designation opens doors to various possibilities. The property's proximity to amenities and its position within a thriving community make it an attractive proposition for investors seeking a strong return. Note that pre-construction HOA dues are $50 per month, billed quarterly. Final HOA dues will be determined post-construction. Minimum heated square footage for any built homes is 1600 square feet. All homes must utilize natural gas tankless water heaters (or equivalent connection) with service provided by Piedmont Natural Gas. The tax value provided is an estimate.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.