515 Walker Ave - Residential LAND FOR SALE


Norlina, NC 27563 3,128,044 SF
$1,350,000 USD
252-915-2311
515 Walker Ave, Norlina, NC for Sale
$1,350,000 USD
Residential LAND - FOR SALE
1/31
3,128,044 SF

515 Walker Ave
Norlina, NC 27563


HIGHLIGHTS

  • Concept plan already approved by local authorities!
  • Rare opportunity for a large mixed-use residential/ multifamily/ commercial development!
  • Much of the leg work already done!

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,350,000 USD

PRICE/ACRE

$18,800/AC

PRICE/SF

$0.43 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

Parktown Village

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Residential

LAND PROPOSED USE

Commercial, Retail, Mixed Use, Multi-Family, Apartment Units, Planned Unit Development, Restaurant, Self-Storage

LAND ACRES

71.81 AC

LAND SF

3,128,044 SF

OFFSITE IMPROVEMENTS

-

ZONING

AR

APN/PARCEL ID

D4 19

ASK ABOUT THIS PROPERTY

James HutsonNinja RealtyMore Info
252-915-2311

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James HutsonNinja RealtyMore Info
252-915-2311

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.