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    OFF-MARKET
    Land

    5 Paddington Way, Trent Woods, NC 28562

    0.33 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 0.33-acre commercial land parcel is situated in the desirable Trent Woods, North Carolina, at 5 Paddington Way, zip code 28562. Currently zoned for residential use, this property presents a unique opportunity for developers or investors. Located within the Village on Canterbury, a new development featuring 27 lots approved for single-family homes, this lot offers the potential for a variety of commercial ventures. The asking price is $85,000, translating to a price per acre of $257,575.76. While currently zoned residential, the potential for rezoning should be explored. The established community provides a strong foundation for future development. Pre-construction HOA dues are $50 per month, billed quarterly, increasing to $2000 annually upon completion. All homes in the development are required to have a minimum of 1600 square feet of heated space and natural gas tankless water heaters (or equivalent connection) serviced by Piedmont Natural Gas. The tax value provided is an estimate. This property's location in Trent Woods, Craven County, offers easy access to local amenities and infrastructure. Serious inquiries are encouraged to explore the possibilities of this promising commercial land opportunity.

    Property profile
    Verified
    Property type Land
    Lot 0.33 ac (14,375 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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