Prime Residential Development Land - Winterville, NC

Vacant Land for Sale
Sale Pending
Catylist Listing ID: 30707672
Property Subtypes: Residential (Single Family), Other
Status: Pending
Gross Land Area: 56.92 Acres
Sale Price: $1,400,000
Unit Price: $24,595 Per Acre
Sale Terms: Cash to Seller, Other
Cap Rate: Undisclosed
Last Updated: 9/15/2021

Overview / Comments

This is a dynamite location in the Winterville ETJ for a single family residential development. With easy access to Greenville and Winterville, this property would meet the needs of the many new residents that we are expecting in the next couple of years. All utilities are available to the site, including sewer and city water.

The north side of Davenport Farm Rd. is 20.46 acres +/-, with the western 1.78 ac. +/- lying in the flood zone of Swift Creek. This side boasts about 1500 feet of road frontage along Davenport Farm Rd.

The south side of Davenport Farm Rd. is 36.46 acres +/-, with the western 2.23 acres located in the flood zone. This side of the boasts 1830 feet of frontage along Davenport Farm Rd. and 585 feet along Reedy Branch Rd.

This property is currently zoned AR (Agricultural Residential) but the town of Winterville future land use plan calls for this property to be rezoned as Urban Neighborhood, which would allow for 3 to 8 single family homes per acre.

School districts associated with this property are excellent, with kids going to Creekside Elementary, AG Cox Middle School, and South Central High School.

Additional Details

Nearest MSA: Greenville
County: Pitt
Taxing Authority: Winterville
Tax ID/APN: 12045
Zoning: AGRICULTURAL RESIDENTIAL NOW (FUTURE LAND USE IS URBAN NEIGHBORHOOD)
Property Located Between: Pitt Community College and Greenville Bypass
Property Visibility: Excellent
Legal Description: Parcel #: 12045
Largest Nearby Street: Davenport Farm Rd.
Feet of Frontage: 1,800
Highway Access: .5 miles to NC 11 and 1.5 miles to NC 11 Bypass
Airports: PGV
Site Description: Gently rolling farmland with predominately well drained soils. Small % of acreage in flood zone of Swift Creek.
Area Description: Bustling residential acre of Pitt County with quick access to Sam's Club, Pitt Community College, multiple churches, softball facilities and many other great things.
Lot Frontage: 1800
Lot Depth: 530
Zoning Description: AR (agricultural residential) now. Future land use calls for Urban Neighborhood, allowing 3 - 8 single family homes per acre.
In Flood Plain?: Yes
Topography: Gently Sloping
Soil Type: Mixed
Available Utilities: Electric, Water, Gas, Sewer, Storm Drain, Cable, Broadband, Internet Access
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,743 36,432 104,071
Median Age: 31.82 32.87 31.13
Households: 2,296 15,361 43,441

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