Active

Colon Rd

Sanford NC 27330

4138200 sq. ft.
Land
Currently for sale - view listing

Overview

Investment opportunity to acquire a 50% ownership interest in approximately 95± acres positioned within the Sanford growth corridor along Hwy 421. The property is situated within a strong growth corridor with excellent access and visibility near major transportation routes. According to the Sanford/Lee County comprehensive plan, the property is designated Suburban Neighborhood, supporting future residential development with public water and sewer available in the area. This offering represents an opportunity for an investor or development partner to acquire a 50% ownership interest in a well-positioned tract directly in the path of growth. The property is located near expanding residential development and employment centers, making it well suited for future residential or mixed-use development as the market continues to expand south of Sanford. Buyer would acquire a 50% ownership interest alongside an existing partner. Additional details regarding ownership structure available upon request. ⸻

Features

4138200 sq. ft. lot size
Land

Property history for Colon Rd

2022
Sold
$23,000
30 Nov 2022 by Pamela Gordon, of Gordon & Associates Real Estate, LLC
2016
Sold
$7,000
26 May 2016 by Team genERAtion, of ERA STROTHER REAL ESTATE #5
2008
Sold
$22,500
25 Jul 2008 by JOHN RAMSPERGER, of SANFORD REAL ESTATE

Happy sellers in Sanford

94%
94% of sellers in Sanford reported that their sale price either exceeded or met their price expectations.

Sanford stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 3 reviews in Sanford over the last 12 months.

Local market activity for land plots in Sanford

In the last 12 months, 44 land plots similar to Colon Rd, have been sold.

This represents a 7% increase in land plots sales when compared to the previous 12 months.

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