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2301 Tribek Ct - Tribek Court Townhomes

1.1 Acres of Residential Land Offered at $1,100,000 in Burlington, NC 27215

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Investment Highlights

Townhome lots for sale
Located along a heavy retail corridor
Near Downtown Burlington

Permit-ready lots with utilities in place
Near Interstate I-40 in rapidly growing Alamance County
Near Elon University

Executive Summary

Perfect opportunity for a builder to quickly mobilize on 11 permit-ready townhome lots with utilities already in place! Well-located in rapidly growing Alamance County in Burlington near Elon University and I-40 along Church Street, which is full of retail and restaurants. The approved plans call for the 11 remaining townhomes (Lots 1-11) to be built as three buildings — a single 3-unit building and two 4-unit buildings. The approved plans are for 2100-SF and 2300-SF townhomes with front-facing garages.
22-unit community with the other 11 townhomes already built (Lots 12-22) and ready for retail sale (listed with another broker). Contact listing broker for details on a potential wholesale purchase of the 11 townhomes already built. Investor/Builder could control the entire community to either rent out or sell at retail prices to replenish cash during construction or in the future.

Tribek Ct Townhome Lots - Flyer (compressed)

Property Facts

Price	$1,100,000	Property Type	Land
Sale Type	Investment or Owner User	Property Subtype	Residential
No. Lots	1	Total Lot Size	1.10 AC

Price	$1,100,000
Sale Type	Investment or Owner User
No. Lots	1
Property Type	Land
Property Subtype	Residential
Total Lot Size	1.10 AC

1 Lot Available

Lot 11

Price	$1,100,000	Lot Size	1.10 AC
Price Per AC	$1,000,000

Price	$1,100,000
Price Per AC	$1,000,000
Lot Size	1.10 AC

11 Townhome lots for sale permit-ready with utilities in place. Approved plans are for those 11 townhomes to be built as 3 buildings (a 3-unit building and two 4-unit buildings). Approved plans include 2100SF and 2300SF townhomes with garages.

Description

±5 acres developed into 22 townhome lots. 11 of the townhomes have been built and are ready for sale (listed with another broker in the residential market). 11 lots are permit-ready with utilities in place for sale to an investor or builder.

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