1.15 Acres in Burlington, NC - $47,000
Own 1.152 Acres of Wooded Land in Bridgegate Estates, Burlington, NC!
***Prior to listing with our agent we are offering this property for a reduced cash price of $47k - once listed, it will be higher priced***
This beautiful 1.152-acre parcel is located in the established Bridgegate Estates subdivision on Knollwood Dr. in Alamance County, NC. Surrounded by mature trees, this property combines the privacy of a wooded setting with the convenience of being close to major amenities. Perfect for building your dream home, investing for the future, or creating a peaceful retreat, this land offers flexibility with no HOA restrictions or fees.
Property Highlights:
Size: 1.152-acre wooded lot with mature trees, ideal for privacy and outdoor activities.
Utilities Ready: City water, sewer, and power available at the street for hassle-free connections.
No HOA Fees or Restrictions: Freedom to dev...
No HOA Fees or Restrictions: Freedom to develop and use the land as desired, perfect for residential construction, camping, or RV parking (note: mobile homes not permitted).
Convenient Access: Located on paved, city-maintained roads for easy travel.
Location & Nearby Cities:
Burlington, NC: Minutes away, providing a range of shopping, dining, and entertainment.
Graham, NC: Just a short drive for a charming small-town experience.
Mebane, NC: Close by for additional shopping, dining, and recreational options.
Expanded Area Amenities:
Recreation & Culture:
City Park: Walking trails, playgrounds, sports facilities, and picnic areas just minutes away.
Lake Mackintosh Park and Marina: Ideal for boating, fishing, and hiking with beautiful views.
Paramount Theater: A historic venue for live performances, musicals, and community events.
Springwood Park: Known for its sports fields, open spaces, and walking trails.
Shopping & Dining:
Alamance Crossing: A large outdoor shopping center with a variety of stores, restaurants, and entertainment.
Holly Hill Mall and Business Center: Offers major retailers, specialty shops, and dining spots.
Downtown Burlington: A vibrant area filled with unique shops, cafes, and a welcoming small-town vibe.
Education & Community:
Elon University: Nearby, bringing youthful energy and community involvement.
Children's Museum of Alamance County: Interactive exhibits and hands-on activities for kids.
Local Schools: Close to well-rated schools, providing quality education options for families.
Why This Property?
This is a rare opportunity to own a piece of Alamance County with great potential for future appreciation. Its prime location offers peaceful surroundings without sacrificing convenience.
The presence of various home sizes suggests an established, diverse neighborhood, which can be attractive to a wide range of buyers or renters and with an affordable retry Point, the relatively low prices for vacant land and the presence of moderately priced homes, make this an accessible market for buyers and investors with different budgets.
Being located in Burlington, NC, the area benefits from proximity to amenities, attractions, and potentially job markets in the broader Alamance County region
Market Analysis
Development Potential:
36% of home listings in Alamance County are new construction, indicating growth in housing supply. The availability of undeveloped land presents opportunities for future growth and investment6.
Positive Outlook:
The availability of land for development, such as this 1.152-acre lot on Knollwood Drive, presents opportunities for new construction and investment.
Burlington's ranking in emerging housing markets and its affordability compared to larger North Carolina cities may attract more buyers and investors in the future.
The local economy appears stable, with a diverse range of industries and proximity to educational institutions like Elon University, which could support long-term housing demand.
In conclusion:
Burlington's real estate market remains competitive with steady growth in home values. The availability of land for development and the city's affordability make it an attractive market for both homebuyers and investors.
**Note: This property is within the ETJ designation area and will require a one page utility form to be completed and submitted to the engineering/planning dept for review to be annexed into the City - the decision process takes approximately one to two months. However, no matter their decision, you still have access to the public utilities, it would just be whether you pay the City, or County rates. There is also a drainage easement going through the property (see pic attached), but still leaves ample space on this 1.152 Acre lot to build a gorgeous home beyond this.
Contact Us Today!
Whether you're ready to build, invest, or simply enjoy nature, this property is a versatile find.
**All information is believed to be accurate but should be independently verified.
