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$ 275,000
Est. payment | /mo
$ 275,000
Est. payment | /mo
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1205663
HOA Y/N No
Property Sub-Type Investment
Source Triad MLS
Property Description
Surrounded by the Elon University campus & housing, this property presents a unique opportunity to reimagine nearly an acre of land in one of Alamance County's most well-traveled corridors. This .808-acre parcel features an existing residence that could be renovated or cleared for new development. The lot configuration lends itself to vertical mixed-use concepts, including retail or office on the ground level w/residential units above, as well as boutique commercial uses such as a coffee shop, salon, or specialty retail. Small multifamily residential options may also be feasible, subject to local zoning and approvals. Surrounded by university activity & housing, established neighborhoods, & growing commercial demand, this property offers exceptional visibility, traffic, & long-term upside. Whether restoring the existing structure or pursuing a modern redevelopment, this site is well-positioned for investors & owners. Zoning & development feasibility to be verified by buyer.
Location
State NC
County Alamance
Building
New Construction No
Others
Special Listing Condition Owner Sale
Listed by Kristy Smith • Howard Hanna Allen Tate - Burlington
Nearby Locations
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Arica Rucker
Broker-Owner | Lic# 211087
8305 University Executive Park Dr Suite 335 Charlotte, NC, 28262