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400 First St
Gibsonville, NC 27249
Entitled Multi-Family, Mixed Use Land Sale · Land For Sale
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20.75 AC
Investment Highlights
- Entitled Apartment, Mixed Use Land
- Adjacent an Established Downtown Area and 440K SF Historic Redevelopment
- By Right 26 Units per Acre
- See Property Flyer for Maps & Additional Details
Executive Summary
Property Facts
1 Lot Available
Lot
| Price | $6,574,608 CAD | Lot Size | 20.75 AC |
| Price Per AC | $316,848.57 CAD |
| Price | $6,574,608 CAD |
| Price Per AC | $316,848.57 CAD |
| Lot Size | 20.75 AC |
Approx. 14-17 available acres on a 20 acre site located in a downtown, mixed use location. Property is zoned for 26 units per acre, annexed in for use of public utilities, and part of a larger historic rehabilitation development.
Description
Vacant entitled apartment land in "the middle of everywhere." Between the growing Triad and Triangle metros, Gibsonville is an established, expanding community. This is off combined I-40 / I-85, exits 138 and 140. It is also near Highway 70, the regional mall Alamance Crossing, Elon University, and an established historic downtown. The adjacent 440K SF mill is Gibsonville Square, which is undergoing a mixed use historic rehabilitation. See the property flyer for maps and more details. Full details are available via request in a dropbox.
Property Taxes
| Parcel Number | 0102533 | Improvements Assessment | $37,661 CAD |
| Land Assessment | $693,460 CAD | Total Assessment | $731,121 CAD |
Property Taxes
