515 Walker Ave - Parktown Village 71.81 Acres of Residential Land Offered at $1,849,770 CAD in Norlina, NC 27563

Sales Notes
±71.81-acre Planned Unit Development (PUD) opportunity with concept plans approved by local authorities. The property is designed as a large-scale, mixed-product residential community with phased development and integrated public-recreation connectivity.
*** Phase One (Adjacent to Town of Norlina Property) ***
Phase One is designed to back directly to Town of Norlina-owned land, where redevelopment of the municipal pool is anticipated. The town-owned property would also include the ball field, pickleball courts, and playground, creating a seamless transition between the private residential development and public recreational amenities.
Phase One includes:
- 8 duplexes
- 78 detached single-family homes (varied sizes, some with garages)
- 65 townhomes
- 2 quad-flex units
- 6 multifamily buildings
- Self-storage facility (income-producing component)
- Internal roundabout for traffic circulation
- Pond with picnic shelter and open-air non-denominational chapel
- Workplace/shop building
- Community center and café
- Pocket parks and open green space
- Walking and running trails
- Sidewalk infrastructure and ample parking
The adjacency to planned municipal amenities enhances long-term community appeal and reduces the need to privately construct certain large-scale recreational components within Phase One.
*** Phase Two ***
Phase Two expands the residential footprint and amenity structure, including:
- 4 duplexes
- 92 detached single-family homes
- 48 townhomes
- 3 quad-flex units
- 8 multifamily buildings
- Two additional ponds
- Expanded self-storage component
- Dog park
- Site & Infrastructure
*** Total acreage: ±71.81 acres ***
- Two primary access points from Walker Avenue, with the southern entrance being approximately 215 feet and the northern entrance approximately 405 feet, per GIS.
- Existing internal farm roads and open fields
- Predominantly flat topography
- City water and sewer available
- No flood zone per GIS
The PUD concept has been approved by local authorities.
This offering presents a rare opportunity to control a large, concept-approved residential tract with phased density, diversified housing types, and integrated municipal recreation adjacency — positioned for long-term value creation and community-scale development.
NOTE: Public water and sewer may have to be run to the property at the developer's expense. Check with the Town.
NOTE: Lot lines on pictures are not survey lines. They are only estimates based on public data.