7808 Stephenson RD Apex, NC 27539
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
Subdivision Not In A Subdivision
MLS Listing ID 10163470
HOA Y/N No
Annual Tax Amount $834
Acres 4.12
Lot Dimensions 504x538x703
Property Sub-Type Unimproved Land
Source Doorify MLS
Property Description
Investor opportunity at a high-traffic intersection with frontage serving multiple established neighborhoods. This split-parcel site offers immediate income potential and long-term upside for the patient buyer.
Preliminary site plans indicate a yield of 2 residential lots using septic and well -- a low-cost entry point while infrastructure catches up to the site. Municipal sewer and water connections are in proximity; utility easements from adjacent neighbors will unlock full development potential and make this an even stronger play once secured.
A natural gas line easement traverses the property and has been accounted for in the existing site plans. The site includes significant wetland areas, which provide natural stormwater management and green space character -- a potential amenity in the right design context with corrective site development.
Located within Apex's ETJ (Extra-Territorial Jurisdiction), the property is positioned for future planning discussions, including the possibility of rezoning for increased density as utilities become available -- a compelling angle for developers watching the area grow.
Buy, hold, and prepare. Surveys, perc test results, and drafted site plans are available through the listing broker. This is a strategic land bank opportunity with a clear path forward. Contact Listing Broker for full due diligence package.
Location
State NC
County Wake
Community Not In A Subdivision
Area 4.12
Zoning MD-CZ
Interior
Equipment None
Fireplace No
Exterior
Community Features None
Utilities Available See Remarks
View Trees/Woods
Garage No
Building
Lot Description Level, Partially Cleared, Split Possible, Wetlands, Wooded, See Remarks
Water Need Well
New Construction No
Schools
Elementary Schools Wake - Oak Grove Elementary
Middle Schools Wake - Lufkin Road Middle
High Schools Wake - Apex High
Others
Senior Community No
Tax ID 075104801825000 0099307
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
