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Nc 24-87 Hwy - 33.72 AC 33.72 Acres of Residential Land Offered at $10,140,000 in Cameron, NC 28326

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INVESTMENT HIGHLIGHTS

  • Positioned in a high-traffic corridor with 42,500+ VPD
  • Adjacent to future county industrial/flex park
  • Surrounded by national retailers and dining anchors
  • 44,000+ households nearby with $90K+ average income
  • Sewer infrastructure underway, completion by 2026
  • Owners open to subdivision and flexible configurations

EXECUTIVE SUMMARY

Prime location with unlimited retail and multi-family potential in a very undeserved trade area located more than 15 miles from major retail centers. Over 42,500 VPD on HWY 24/87 and over 44,000 households within a 5-mile radius with average income over $90,000/yr. County recently acquired adjacent 88 acres for a future light industrial/flex park. New sewer line coming through property to be completed in 2026. Owners willing to subdivide and additional frontage is available. Price range from $80,000/ac - $300,000/ac, depending on location.

PROPERTY FACTS

Price $10,140,000
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Residential
Proposed Use
Hold For Development
  • Hold For Investment
Total Lot Size 33.72 AC
Zoning R20 - Residential District

1 LOT AVAILABLE

Lot

Price $10,140,000
Price Per AC $300,711.74
Lot Size 33.72 AC

Prime location with unlimited retail and multi-family potential in a very undeserved trade area located more than 15 miles from major retail centers.

DESCRIPTION

Positioned in one of Cameron’s most underserved trade areas, this ±33.72-acre site along Hwy 24/87 offers a rare opportunity for transformative retail and multifamily development. Located more than 15 miles from major retail centers, the property benefits from exceptional visibility and traffic counts exceeding 42,500 vehicles per day. Within a 5-mile radius, over 44,000 households boast an average income of more than $90,000 annually, underscoring strong consumer demand and spending power. The county’s recent acquisition of 88 adjacent acres for a future light industrial/flex park signals long-term growth and infrastructure investment in the area. A new sewer line is scheduled to run through the property by 2026, enhancing development readiness. Owners are flexible and willing to subdivide the land, with additional frontage available to accommodate various site plans.

  • Listing ID: 31011303

  • Date on Market: 2/21/2024

  • Last Updated:

  • Address: Nc 24-87 Hwy, Cameron, NC 28326

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