Description
This 4-acre development site presents a compelling opportunity for residential developers seeking scale, density, and market momentum. Located just off Lawrenceville Highway, the property benefits from strong accessibility, nearby utilities, and immediate proximity to new townhome construction with recent sales around $500,000, clearly demonstrating buyer demand and price support in the area. The land is currently zoned RT-H, allowing 10 townhome units per acre by right, offering a clear and executable path to development. For developers seeking greater yield, a potential rezoning to MU-R could increase density to up to 30 units per acre, significantly enhancing project feasibility, returns, and overall site value. This site is well-positioned for a townhome or higher-density residential project in a proven growth corridor with strong exit fundamentals.
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0BEDS
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3.44ACRES
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0BATHS
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01/2 BATHS
School Information
Description
This 4-acre development site presents a compelling opportunity for residential developers seeking scale, density, and market momentum. Located just off Lawrenceville Highway, the property benefits from strong accessibility, nearby utilities, and immediate proximity to new townhome construction with recent sales around $500,000, clearly demonstrating buyer demand and price support in the area. The land is currently zoned RT-H, allowing 10 townhome units per acre by right, offering a clear and executable path to development. For developers seeking greater yield, a potential rezoning to MU-R could increase density to up to 30 units per acre, significantly enhancing project feasibility, returns, and overall site value. This site is well-positioned for a townhome or higher-density residential project in a proven growth corridor with strong exit fundamentals.
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