Development Opportunity- Stem North Carolina
Property Address: 00 Old NC 75, Stem, NC 27581, Granville County
Broker: Julie Wright
Property Type: Land
Lot Size: 46 Acres
Offered at: $946,000
Status: Sold
ALERT TO ALL DEVELOPERS! Call for Price. All offers require evidence of qualification.
Unique Development Opportunity in Stem North Carolina
- Roughly 46 acres with approvals for up to 115 lots!
- 30% of Predevelopment Area Required for Conservation
- Max Built-upon Area is 24% of Predevelopment Area
- Road frontage on three roads- Range Rd., Fate Washington Rd. & Old NC 75 (SR 1004)
- Single Family, Duplex, and Townhomes
- Town of Stem Jurisdiction
- Less than 30 minutes to Durham & RTP; Few minutes to I-85 with East End Connector.
- Excellent growth potential
- Water and Sewer from South Granville Water and Sewer Authority
- Duke Energy Power
- Spectrum High Speed Internet
- Water and sewer allocated for development as of 4/1/2022, 2.5 acre density possible
- Outside Falls Watershed by prior legislation
- 30% of Predevelopment Area required for conservation
- Max Built Upon Area is 24% of predevelopment area
- Hundreds of acres of parkland nearby is permanently conserved land
- 8 inch Sewer Force Main along old NC 75 (frontage);Gravity feed to existing pump station will require bore under old NC 75, Existing pump station ground elevation 460-464 feet, 8 inch waterline located along Old NC 75
- Average daily traffic 2,800 VPD on Old NC 75 and 1,800 VPD on Range Road
- At least 100 Units possible per engineering work.
- Town of Stem began as a railroad station site; It is now a growing town with positive leadership
- Professional planning being accomplished for commercial growth to meet needs of residents
- Many hundreds of acres in the area managed by the Tar River Land Conservancy as nature reserves
- There are the Ledge Creek and Roberts Chapel walking parks
- The property is mostly wooded, some old field land
- Owned by family who have a long history in the area
- Property is close to Butner shopping center; easy trip to employment in Butner, Durham, or Research Triangle Park
- Small town living appeals to many potential home buyers.
