Bought with Real Estate Associates, Inc.
$510,000
$550,000
7.3%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 06/24/2020
Key Details
Sold Price $510,000
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Sold
Purchase Type For Sale
Subdivision Not In A Subdivision
MLS Listing ID 2142068
Sold Date 06/24/20
Originating Board Triangle MLS
Property Description
Development Opportunity in desirable Chapel Hill School District. This property is 2.83 acres and adjacent to an additional 5.5 acres which is also available. Current zoning is R-2. Ideal for redevelopment as townhome or pocket community. Could also work for church, day care, senior home, etc. Excellent location near shopping, schools, and easy access to I-40, RTP, UNC, Durham & Chapel Hill. Utilities onsite or adjacent in road. Existing buildings warrant demolition.
Location
State NC
County Orange
Zoning R2
Direction Property is located at corner of Erwin Rd. and Old Oxford Rd. From I-40, take 15/501 toward downtown Chapel Hill. Right onto Erwin. Property on left.
Rooms
Other Rooms Other
Exterior
Utilities Available Cable Available, Electricity Available, Natural Gas Available, Phone Available, Water Available
Present Use Vacant
Street Surface Paved
Private Pool No
Building
Lot Description Corner Lot, Level, Sloped
Faces Property is located at corner of Erwin Rd. and Old Oxford Rd. From I-40, take 15/501 toward downtown Chapel Hill. Right onto Erwin. Property on left.
Sewer Public Sewer
Water Public
Schools
Elementary Schools Ch/Carrboro - Ephesus
Middle Schools Ch/Carrboro - Guy Phillips
High Schools Ch/Carrboro - East Chapel Hill
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