$1,900,000

Description

5 Acre Prime Development Site - Rezoning Potential for Multifamily or Commercial. Rare opportunity to acquire 5 acres in a high-growth corridor with strong residential and commercial adjacency. The property is located directly adjacent to an established townhouse community and single-family homes to the north with commercial properties nearby—making it an ideal candidate for rezoning and redevelopment. Located just 2,600 feet north of Hillsborough Avenue, the site benefits from excellent accessibility and connectivity to major thoroughfares and surrounding demand drivers. The property features approximately 167 feet of frontage on Orient Road, providing strong visibility and access for future development. Currently zoned ASC-1, the site presents a compelling value-add opportunity through a potential rezoning to multifamily or general commercial. Based on surrounding uses and growth patterns, the property is well-suited for:Townhome development, Garden-style or mid-rise apartment project, Self-storage facility, or Neighborhood-serving commercial. The surrounding mix of residential density and nearby commercial activity supports a wide range of development scenarios. The site is mostly fenced and includes mature trees and a small pond offering flexibility in site planning and design. Existing improvements include multiple structures (two residential buildings, storage building, and a four-car garage), which contribute minimal value and are considered redevelopment-ready. Parcel 6211 is included in the offering. This is a strong infill development play with rezoning upside in a rapidly expanding submarket, ideal for developers seeking to capitalize on residential growth and increasing demand for housing and commercial services.