01 Collins Mountain Rd, Chapel Hill, NC 27516

Description

Discover this rare investment opportunity: 89+/- acres perfectly positioned only 10 miles from downtown Chapel Hill. The front 33+/- acres features harvest-ready pines that have completed their second thinning, while the back 56+/- acres was clear-cut and replanted around 2017, setting the stage for future timber value. Whether you're seeking a solid timber investment tract or a large-lot residential development, this property delivers. Current Agriculture Residential zoning allows a minimum lot size of 40,000 sq ft. Well and Septic needed. The land is enrolled in the Present Use Value timber program, providing the benefit of deferred taxes; a status the future buyer may choose to maintain. Buyers opting out of re-enrollment should note responsibility for three years of rollback taxes, interest, and full property taxes going forward. Note the tax bill reflects the assessed value for being in the timber program. Don't miss this versatile acreage with built-in timber income and long-term development potential. It is recommended you download a land app on your mobile device prior to walking the property.