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McKinney St - 164 or 104 lot development - Op Zone 34.1 Acres of Residential Land Offered at $6,500,000 in Burlington, NC 27217
INVESTMENT HIGHLIGHTS
- Riverfront + Greenway amenities drive absorption
- Amtrak, airports, highways ensure strong regional connectivity.
- In-fill location in I-40/85 growth corridor.
- Opportunity Zone tax benefits enhance project returns.
EXECUTIVE SUMMARY
The property lies within a Qualified Opportunity Zone (Tract 37001020300), creating potential tax advantages for investors seeking OZ-aligned development. Strong housing demand, a growing population base, and Burlington’s affordability make this an attractive large-scale residential opportunity. Seller’s team actively pursuing reinstatement of approvals.
PROPERTY FACTS
1 LOT AVAILABLE
Lot 8885743428
| Price | $6,500,000 | Lot Size | 34.10 AC |
| Price Per AC | $190,615.84 |
| Price | $6,500,000 |
| Price Per AC | $190,615.84 |
| Lot Size | 34.10 AC |
164 lot Townhome plan or 104 lot Single Family plan, Riverfront in-fill development opportunity on Haw River in Burlington, NC. This land is in a Qualified Opportunity Zone. Seller’s team is actively pursuing the reinstatement of approvals.
DESCRIPTION
This ±164-lot riverfront development site presents a rare in-fill opportunity in the heart of Alamance County. Positioned directly beside Homer Andrews Elementary School and along the Haw River Greenway, the location blends lifestyle amenities with easy connectivity: Walkability & Lifestyle: Direct access to the Greenway Trail for biking, walking, or running. Minutes to Downtown Graham, Burlington, and Mebane. Recreation: Kayak, paddle, fish, or float the Haw River at your doorstep. Regional Access: Amtrak station in Burlington with service across NC. Short commutes to Raleigh-Durham International and Greensboro airports. Development Advantages: Located in a federally designated Qualified Opportunity Zone, offering potential capital gains deferral, long-term tax-free growth, and compatibility with affordable housing incentives. With strong local housing demand, low barriers to entry, and a proven need for affordable housing, this site is well-positioned for residential developers looking to deliver a high-impact community in a growing market.
PROPERTY TAXES
| Parcel Number | 149562 | Improvements Assessment | $0 |
| Land Assessment | $256,505 | Total Assessment | $256,505 |
PROPERTY TAXES
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McKinney St - 164 or 104 lot development - Op Zone
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