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$371,000
Est. payment /mo
1 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Stick/Site Built
Listing Status Active
Purchase Type For Sale
Square Footage 1 sqft
Price per Sqft $371,000
MLS Listing ID 1201980
HOA Y/N No
Year Built 1940
Lot Size 17.940 Acres
Acres 17.94
Property Sub-Type Stick/Site Built
Source Triad MLS
Property Description
Prime Development Opportunity — 18 Acres, RS9 Zoning
Fantastic opportunity for developers, builders, and investors on this 18-acre RS9-zoned property in a growing area. With favorable topography, available utilities, and convenient access to amenities, this land is ideal for creating a highly marketable residential community. Early studies suggest approximately 28 lots, with a projected developer exit of around $45K per acre and an estimated builder exit of $1,260,000. The property includes an older tear-down structure, offering a clean slate to maximize the full value of the acreage, and access to amenities. With RS9 zoning already in place, the path to development is streamlined and appealing. Don't miss this chance to secure a versatile parcel with strong margins and demand—perfect for your next project.
Fantastic opportunity for developers, builders, and investors on this 18-acre RS9-zoned property in a growing area. With favorable topography, available utilities, and convenient access to amenities, this land is ideal for creating a highly marketable residential community. Early studies suggest approximately 28 lots, with a projected developer exit of around $45K per acre and an estimated builder exit of $1,260,000. The property includes an older tear-down structure, offering a clean slate to maximize the full value of the acreage, and access to amenities. With RS9 zoning already in place, the path to development is streamlined and appealing. Don't miss this chance to secure a versatile parcel with strong margins and demand—perfect for your next project.
Location
State NC
County Forsyth
Rooms
Basement Crawl Space
Interior
Interior Features See Remarks
Heating None, See Remarks
Cooling None
Exterior
Exterior Feature Remarks
Parking Features None
Pool None
Landscape Description Natural Land
Building
Lot Description Natural Land
Sewer Septic Tank
Water Well
New Construction No
Others
Special Listing Condition Owner Sale
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Listed by Naomi Brown-Rasmussen of Housewell.com Realty of North Carolina
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