Ellington Rd, Siler City, NC 27344

Property Description

A rare infill-scale development site at the western gateway to Siler City. The ±33-acre assemblage combines the W. Third St. tract and the adjoining Ellington Rd. tract into one master-planned community. The concept plan shows 93 homesites, a retail and flex corner, continuous open space and a single shared stormwater pond. The residential plan targets the gap in Siler City's housing stock: smaller, attainable single-family and cottage homes. The lot sizes suit 3-bedroom, 2-bath plans that appeal to first-time buyers, workforce households, and downsizers who want one-level living. Existing 2BR/2BA cottage rentals in town lease up quickly, which supports a build-to-rent or for-sale strategy. The commercial corner fronts both W. Third St. and Ellington Rd. It is planned for an ~8,400 sf retail building and a ~9,200 sf flex building with ~80 parking spaces. A separate 0.81-acre B-1 out-parcel adds a third commercial pad. Together they can serve the new community and the surrounding neighborhoods. Location drives the demand. Toyota's battery plant in Liberty is about 20-25 minutes north via US-421. Wolfspeed's John Palmour Manufacturing Center sits on the CAM site a few minutes away. Downtown Siler City is about a mile east, and Siler City Elementary is directly across Ellington Rd. Chapel Hill, Greensboro and Sanford are each within about 45 minutes. Residents will enjoy a greenway trail along the power-line easement and a park with walking trails in the floodplain open space. Town water and sewer lines serve the area, and Duke Energy provides power. The owner will consider an outright sale or a joint venture in which the land is contributed as equity. Ownership has met several times with Town of Siler City officials and can brief qualified buyers on the rezoning path, utility service and sewer allocation timing. Plans, survey and concept site plan are available to qualified parties. Concept plan only; not engineered. Lot counts, building areas and uses are subject to rezoning, annexation, sewer allocation and other approvals. Buyer to verify all information.