For Sale
$1,050,000

86 Old HwyYanceyville, NC 27379

28.75 Acres, Mixed-Use Potential

Overview

Added:
Dec 11, 2024
Days on market:
118
This exceptional 28.75-acre parcel in Yanceyville, North Carolina, presents a compelling investment opportunity. Located on Old Hwy 86 in Caswell County (zip code 27379), this high and dry land boasts approximately 635 feet of road frontage. Currently zoned for agricultural use, the property offers significant potential for redevelopment. The municipality has expressed interest in a Planned Unit Development (PUD) allowing for mixed-use residential development. Water and sewer are readily available at the roadside. Its strategic location near the Virginia border, Danville Regional Airport, and a major casino/entertainment complex in Danville, Virginia, makes it highly attractive for residential development, potentially catering to a starter home community. The property is also conveniently situated within a 25-30 minute commute of Durham, NC. This cleared land presents a unique chance to create a thriving residential community, capitalizing on its prime location and development potential. The asking price is $1,050,000, translating to $36,521 per acre. Pro forma summaries for both self-developed and developer-to-builder models are available upon request.

Highlights

  • 28.75 acres of cleared, high and dry land in Yanceyville, NC.
  • 635 feet of road frontage on Old Hwy 86.
  • Currently agriculturally zoned, but the municipality is open to rezoning for a mixed-use residential Planned Unit Development (PUD).
  • Water and sewer available at the roadside.
  • Prime location near the VA border, Danville Regional Airport, and a Danville, VA casino/entertainment complex.
  • Asking price: $1,050,000 ($36,521/acre).

Property Details for 86 Old Hwy

Property type
Land
Lot Size (sq. ft)
1,252,350 SF

Location Insight

City
Yanceyville
County
Caswell
State
North Carolina
Latitude
36.4234253
Longitude
-79.3597487
86 Old Hwy, Yanceyville, North Carolina

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86 Old Hwy
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