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2921 Causey Lake Rd 32.93 Acres of Commercial Land Offered at $2,240,000 in Greensboro, NC 27406
EXECUTIVE SUMMARY
A recent feasibility study by Greensboro Water Resources indicates a cost of $5.7 M to run water and sewer to the site along with a required annexation and rezoning. The breakdown is $600,000 for water and $5.1 M for sewer. A future CIP project with a 10 year horizon will bring sewer to the site reducing the sewer access costs by $4 M.
PROPERTY FACTS
1 LOT AVAILABLE
Lot
| Price | $2,240,000 | Lot Size | 32.93 AC |
| Price Per AC | $68,023.08 |
| Price | $2,240,000 |
| Price Per AC | $68,023.08 |
| Lot Size | 32.93 AC |
DESCRIPTION
32.93-acre land assemblage on the northwest quadrant of the Alamance Church Road interchange with I-85 (also part of the Greensboro Urban Loop) offers incredible future development potential. This highway interchange is solidly in the City’s future growth plans for Greensboro with spot annexation, and is located six miles SE of downtown and 2.3 miles from US Hwy 421, which leads to the new Toyota EV manufacturing plant in Liberty. The parcels are currently zoned AG, but the highest and best use is for highway interchange development, such as C-stores, retail, and multi-family, when water and sewer access is available. The site is comprised of 2921 Causey Lake Road and 1623 and 1611 Allred Farm Way, and can be subdivided based on the current parcel configuration.
Presented by
2921 Causey Lake Rd
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