(LAND) OVERSIZED 1.02 ACRE LOT – ZONING OPPORTUNITY FOR MULTIPLE NEW BUILDS! (BURLINGTON, NC 27217)
ASKING PRICE: $137,300
Location Highlights
- Prime Location: Minutes from Burlington’s historic district with nearby shopping, dining, and entertainment.
- Accessibility: Quick access to Highways 70 and 87, ensuring an easy commute.
Zoning & Development Potential
- Flexibility: Zoned for High Density Residential, allowing SFRs, Duplexes, Triplexes, Quadplexes and Multifamily development.
- Detached SFRs: Option to subdivide into 4 detached SFRs.
- Detached SFRs: Option to subdivide into 7 detached SFRs Bungalow Court Style.
- Attached Residences: Option to subdivide into 3 Duplexes, Triplexes or Quadplexes.
- Multifamily Units: Can support up to 60 multifamily units.
Lot Features
- 1.02-acre wooded lot, slightly sloped
- 207 feet of frontage along Maryland Ave
- Water & sewer connections readily available on Maryland Ave
- UDO LINK – Updated 10.1.2024
COMPS:
NEW BUILD SFR SALES PRICE AVG: $270,000
- 1360 Bowman Ave, SOLD $275,000 3 bd / 2 ba 1,292 sqft 2024 Build
- 512 Shepherd St, SOLD $269,900 3 bd / 2 ba 1,460 sqft 2024 Build
- 309 Stokes St, SOLD $269,000 3 bd / 2 ba 1,490 sqft 2024 Build
- 420 5th St, SOLD $290,000 4 bd / 2 ba 1,600 sqft 2024 Build
*CLICK HERE TO SUBMIT OFFER*
Contact for all info & offers!
704-741-2044
Kristie@zeres.capital
Looking for a CASH transaction. This is an assignment of contract and a non-refundable deposit is required in order to lock up the deal.
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Submitting your offer
Please submit your Highest and best offer once all due diligence has been completed. The highest and best will be accepted based on speed of closing, convenience and price.
All offers must be cash, private lending or hard money only, with the ability to close within (21) days or less. Price is net to the seller, buyer pays all closing costs unless otherwise specified.
After the offer is accepted, the contract must be signed and EMD must be received within 5 hrs to the agency/office that is facilitating the closing. Minimum EMD amount for this property is $5,000. Earnest Money Deposit is Non-Refundable unless title cannot be cleared.
All properties in which the contract is assigned will be delivered fully insured with clear title from a reputable title company/attorney’s office and underwriter.
Basic Terms
For any offering, we either own the property or have equitable ownership interest with the ability to assign our contractual rights to the purchasing party. The buyer is responsible for their own due diligence and verifying all facts and figures in regards to purchasing the property. The opinion of value is given as a courtesy only as the seller makes no guarantees or warranties, express or implied, as to the value or condition of the property.
Wholesalers and Real Estate Agents
You may share this property with your buyers, however, please do not post this deal on any online platform without our consent. Wholesalers and Real Estate Agents, please add your fee and/or commission on top of our offering price when marketing to clients. To discuss further, please contact us.