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5570 Murphy Rd - Prime Frontage. I-73 at Hwy 158.

19.66 Acres of Commercial Land Offered at $1,753,655 in Summerfield, NC 27358

Investment Highlights

  • **3% BUYER'S AGENT COMMISSION BEING OFFERED**. Timely communication. Family-owned. FSBO.
  • Average Annual Daily Traffic (2022) for intersection of I-73 and Hwy 158 was 27,246 daily vehicles (13,281 Northbound daily, 13,965 Southbound)
  • 13 miles from Piedmont International Airport. 8 miles from Greensboro city limits. 14 miles from Downtown Greensboro.
  • Subject property is 1 of 3 currently available parcels for sale at this intersection. Same seller
  • Listing 2 (+/- 3.91 acres) : https://www.loopnet.com/Listing/Spotswood-Rd-Stokesdale-NC/31006168/
  • Listing 3 (+/- 10.46 acres) : https://www.loopnet.com/Listing/6601-US-158-Hwy-Stokesdale-NC/31005042/

Executive Summary

**ACTIVITY IN THE AREA**: (Seller has gone under contract with a developer on a 112 acre parcel of land directly north of and in immediate proximity to the subject property. The developer’s plan is to make the 112 acres a large residential community...targeting 100+ homes. The seller has also recently sold a separate 40 acres to the developer who has begun early stages of a 36 home, 40-acre community, which is also in the same immediate area of subject property).

**SUBJECT PROPERTY FOR THIS LISTING**: VISIBLE LOCATION. (VIEW DRONE VIDEO ABOVE). Immediate access to intersection at I-73 and Hwy 158. Frontage on both roads. Located in Rockingham county and not helpful to buyer/developer unless they are able to get Rockingham to work with Guilford to service this intersection. Buyer may choose to instead drill well and install septic/ on-site sewage solution. Currently zoned Agricultural (0110-Single-FAM-R RA). Great opportunity for rezoning. This +/- 19.66 acre parcel (Guilford County NC Parcel 150647) is 1 of 3 available parcels for sale at this intersection. The other 2 parcels numbers are ( 220553 and 220553). Seller is open to selling the parcels individually or collectively (1,2 or 3).

Property Facts

Price $1,753,655
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Land
Proposed Use Commercial
Total Lot Size 19.66 AC

1 Lot Available

Lot

Price $1,753,655
Price Per AC $89,199
Lot Size 19.66 AC

19.66 AC located on PID 0150647. Available for $1,753,655 No city/county water or sewer on-site. Water is available from Stokesdale, approximately 1.9 miles West of intersection on Hwy 158. There is also water 1 mile north on I-73

Description

19.66 AC of land for sale in Summerfield, NC.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
0150647
Land Assessment
$681,300
Improvements Assessment
$8,400
Total Assessment
$689,700

zoning

Zoning Code AG (Agricultural Wide range of commercial potential and uses)
AG (Agricultural Wide range of commercial potential and uses)
  • Listing ID: 31006121

  • Date on Market: 2/20/2024

  • Last Updated:

  • Address: 5570 Murphy Rd, Summerfield, NC 27358

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