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Listed by Howard Hanna Allen Tate Burlington
$ 275,000
Est. payment | /mo
1,064 SqFt
$ 275,000
Est. payment | /mo
1,064 SqFt
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 1,064 sqft
Price per Sqft $258
MLS Listing ID 10139314
HOA Y/N No
Year Built 1959
Annual Tax Amount $563
Lot Size 0.810 Acres
Acres 0.81
Property Sub-Type Mixed Use
Source Doorify MLS
Land Area 1064
Property Description
A rare opportunity to reimagine nearly an acre parcel in one of Alamance County's most desirable and busy corridors surrounded by the beautiful and vibrant Elon University Campus (recently ranked in the top 100 universities nationally), amenities, residential area and businesses. This .808-acre parcel features an existing residence that may be renovated or removed for new development. The lot configuration lends itself well to vertical mixed-use concepts, including retail or office on the ground level with potential residential unit(s) above, as well as boutique commercial uses such as a coffee shop, salon, or specialty retail. Small multifamily residential options may be feasible, subject to local zoning and approvals. Surrounded by university activity & housing, established neighborhoods, and growing commercial demand, this property offers exceptional visibility, consistent traffic, and long-term upside. Whether restoring the existing structure or pursuing a modern redevelopment, this site is well-positioned for investors and owner-users seeking flexibility and location-driven value. Zoning and development feasibility to be verified by buyer. Has always been used as residence.
Location
State NC
County Alamance
Area 0.81
Interior
Cooling Other
Fireplace No
Exterior
Garage No
Building
Water Public
New Construction No
Others
Tax ID 116002
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Virtual Tour https://listings.everythingfromabove.com/sites/gqqooax/unbranded
Nearby Locations
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Colin Anderson
REALTOR® Lic# 293918
101 Glen Lennox Drive, Suite #230, Chapel Hill, NC, 27517