Property profile

2916 Southern Ln Winterville, NC 28590

OFF-MARKET
Land
49.78 ac lot
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Property summary

AI-generated overview

This exceptional 49.78-acre parcel presents a unique investment opportunity in Winterville, North Carolina. Located on Highway 11 South, the property boasts approximately 400 feet of highway frontage, offering significant visibility and accessibility. Currently zoned Rural Agricultural (RA), the land is already cleared, simplifying development plans. The property's location within the Winterville extraterritorial jurisdiction (ETJ) suggests potential for future development aligning with the area's commercial-residential transition plans as indicated in the future land use plan. The asking price is $1,368,950, translating to a land value of $27,500 per square foot. This substantial acreage provides ample space for a variety of commercial and/or residential projects. The property's address is 2916 Southern Ln, Winterville, NC 28590, with APN 02150. Its strategic location and considerable size make it an attractive prospect for developers and investors seeking a prime location in a growing area. The property's cleared state minimizes site preparation costs, accelerating the development timeline. This is a rare opportunity to acquire a large, strategically located parcel with significant potential for future growth and return on investment.

Property profile

Verified
Property type Land
Lot 49.78 ac (2,168,417 SF)

Cap rate & NOI

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

Location

2916 Southern Ln Winterville, NC 28590
Winterville metro
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Value estimations

Realmo proprietary · 4 methods
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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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