260 Bragaw Ln Chocowinity, NC 27817
This exceptional 17.94-acre parcel in Chocowinity, North Carolina, presents a compelling opportunity for multi-family development. Located at 260 Bragaw Ln, with APN 5664-77-6821, this property is zoned R-3, permitting approximately eight units per acre, based on zoning regulations. The land is nearly entirely usable, maximizing development potential. Convenient access to utilities, including water and sewer, is available from two sides of the property, simplifying infrastructure development. The site's strategic location near a successful existing multi-family complex suggests strong market demand, particularly for more affordable housing options within Chocowinity. The property's suitability for tax credit housing projects further enhances its investment appeal. This is a prime opportunity to capitalize on the growing need for multi-family residences in a desirable North Carolina community. The asking price for this exceptional development land is $495,000. The property is situated in Beaufort County, NC, zip code 27817, at latitude 35.5150007 and longitude -77.0923936.
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
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.