1.22 Acres Lot
1.22 Acres Lot
Key Details
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
Subdivision Not In A Subdivision
MLS Listing ID 10143132
HOA Y/N No
Annual Tax Amount $2,740
Lot Size 1.220 Acres
Acres 1.22
Property Sub-Type Unimproved Land
Source Triangle MLS
Property Description
Strategically located in a prime suburban area near the Research Triangle Park (RTP), this site benefits from surging demand for quality housing in Morrisville and surrounding communities. The local market is strong and stable, with single-family homes selling in the neighboring Providence Place selling between $650k-$850k (typically 2,300-4,300 sq ft, $256/sq ft).
Development potential is outstanding: Subdivide into five lots for single-family detached homes (each ~10,500-11,000 sq ft with 60-70 ft frontage) or three 4-unit multi-family units.
For even greater upside, consider rezoning to Medium Density Residential (MDR), which could increase density to 7.5 units per acre (up to 9 units total) and allow single-family attached dwellings like townhomes. Surrounding properties are already zoned MDR, supporting this rezoning process. Other potential uses are a conditional rezone for a senior living facility or day care. Inquire with Morrisville planning department for more information on rezoning process and potential uses.
Location
State NC
County Wake
Zoning LDR
Direction From Holly Springs Take 540W to exit 67 for NC-885 N/Triangle Expwy toward I-40, Continue to NC-885, take exit 2 for davis drive toward hopson road, take park knowwl dr and keystone park drive to church street. Lot will be on the right.
Exterior
Utilities Available Electricity Available, Sewer Available, Water Available
View Y/N Yes
Street Surface Gravel
Private Pool No
Building
Faces From Holly Springs Take 540W to exit 67 for NC-885 N/Triangle Expwy toward I-40, Continue to NC-885, take exit 2 for davis drive toward hopson road, take park knowwl dr and keystone park drive to church street. Lot will be on the right.
Sewer Public Sewer
Water Public
Schools
Elementary Schools Wake - Parkside
Middle Schools Wake - Alston Ridge
High Schools Wake - Panther Creek
Others
Senior Community No
Tax ID 074602578700000 0045432
Special Listing Condition Standard
NEARBY SCHOOL & BUSINESS
5966 Fairview Rd, Suite 400, Charlotte, NC, 28210, United States