1919 Cedar Fork Dr
Greensboro, NC 27407
Shovel Ready Development Project · Land For Sale · 2.20 AC

*Price Reduced* offers are welcomed. A rare development opportunity. Shovel-Ready, and plans approved - 39 multi-family unit development. Location, Location, Location! 3 lot assemblage. Total of 2.20 acres. The lots are fully combined and recorded. Greensboro has experienced a massive growth in recent years; the rents are experiencing exceptional growth, and Greensboro is dealing with a major shortage of housing and rental capacity. The project is a walking distance from the Four Seasons Mall, the famous Koury Convention Center, Movie Theater, banks, hundreds of hotels, shops, and restaurants, including Walmart Center, etc. The demand for rent in this location is incredibly robust and growing. The project is seconds away from the entrance to two major highways. The project is next to other multifamily buildings with no vacancies. This is a proven multifamily location. You can collect rent by the middle to end of 2025. The design calls for a very cost effective construction and is providing 57 parking spaces. The architectural design is for a three story wood frame apartment building. The open space of the project has enough space for the developer to put in a pool, playground, or tennis court if desired. Great unit mix. North Carolina, and especially the City of Greensboro has become a major hub for many major national and international corporations. This project is perfect for the medium income (working class) and high-quality tenants. The project is ready to break ground. This opportunity won’t last.