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    OFF-MARKET
    Land

    226 Davenport Farm Rd, Winterville, NC 28590

    27.05 ac lot
    Property ID
    Property summary
    AI-generated overview

    Exceptional 27.05-acre development opportunity in Winterville, NC, zoned AR (Agricultural Residential) with future commercial development potential as per the Winterville Future Land Use plan. This property boasts convenient access to major roadways and is situated within 10 minutes of East Carolina University and ECU Health, placing it near a high concentration of destination retailers. City water is available on-site, and sewer service will be provided by the Town of Winterville (currently nearby, with a cost analysis underway for full site service). A preliminary wetland report has identified one small area as potentially jurisdictional, but this may be omitted under updated regulations (a wetland map is available). The property's location and zoning offer significant flexibility for a developer seeking to create a project that harmonizes with existing residential development, while capitalizing on its prime location and proximity to key amenities. The asking price is $1,620,000. This presents a unique chance to acquire a substantial parcel of land with considerable upside potential for mixed-use development.

    Property profile
    Verified
    Property type Land
    Lot 27.05 ac (1,178,298 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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