Pittsboro Land Assembly...Pittsboro Land Assembly. No warranty or representation, expressed or implied, is made to the accuracy of the information contained herein, and same is submitted

Pittsboro Land AssemblyHillsboro StreetPittsboro, North Carolina 27312

Land For Sale - Undisclosed Pricing

FOR SALE - MIXED USE DEVELOPMENT OPPORTUNITY

JOHNNY WEHMANN

O: 919.287.2128C: [email protected]

REALESTATEASSOC.COM

3333 Durham-Chapel Hill BlvdSuite C

Durham, NC 27707919.489.2000

No warranty or representation, expressed or implied, is made to the accuracy of the information contained herein, and same is submitted subject to errors, omissions, change ofprice, rental, or other conditions, withdrawal without notice, and to any special listing conditions imposed by principals.

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REAL ESTATE ASSOCIATES 3333 Durham-Chapel Hill Blvd Suite C Durham, NC 27707 919.489.2000 REALESTATEASSOC.COM

OFFERING SUMMARY

Sale Price: Not Disclosed

Parcel ID: 82169, 7175, 79874,

7176, 60740

Lot Size: 29.79 Acres

Zoning: C-2/R-12

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PROPERTY OVERVIEW

Exciting opportunity to be part of the changing landscape of Pittsboro, NC. This30 acre land assembly sits in the heart of Pittsboro. The Pittsboro Land Use Planshows this site as a perfect candidate for new Mixed Use Development.Additional potential for buyer to split up the land and sell pad sites. AutoZonepurchased 1 acre across the street for $505,000 in late 2016. Please contactbroker to discuss sewer allocation opportunities.

PROPERTY HIGHLIGHTS

• 30 acres for Mixed Use Development

• Average Daily Traffic in excess of 15,000

• Curbcut to neighboring McDonald's

• Prime Location near Hwy 64 Exit to 15-501

• Less than 1 mile to Northwood High School

• Close proximity to Chatham Park

OFFERING MEMORANDUM

Executive Summary

Pittsboro Land Assembly


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LOCATION OVERVIEW

Prime location near the intersection of 15-501 and Hwy 64. Directly off main road heading into downtown Pittsboro. Situated adjacentto a major retail center, across from a large residential and mixed use development Powell Place. Behind this property is a 140 acre siteprepared for residential development.

SITE DESCRIPTION

Property is partially cleared, gradually sloping from rear of property down to road. Numerous rental properties are on the site and doconvey. Gas station is operating under a month-to-month lease.

OFFERING MEMORANDUM

Property Description



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CITY - COUNTY INFORMATION

Growth: 2nd fastest growing county in NC

Location: 15 mins to Chapel Hill, 25 to Raleigh

Nearby: Jordan Lake attracts over 1M visitors a year

Add Subheader 4: 10 major universities within 1 hour drive

History: Founded in 1787, Pittsboro is rich in history

Growth: Over 38% growth since 2002

Businesses: Points-based tax incentive policies

Travel: 20 mins to RDU International Airport

CHATHAM PARK

• 7,000+ Planned Live-Work-Play Development

• Projected to vault Pittsboro population to 60,000

• Planned Tech Corridor will be hub for high growth industry

• Commercial Development has begun

• Residential Ground Breaking recently occurred

• www.ChathamPark.com for more info

PITTSBORO, CHATHAM COUNTY AND CHATHAM PARK

Why people love it here in Pittsboro...

OFFERING MEMORANDUM

City Information



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OFFERING MEMORANDUM

Additional Photos



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OFFERING MEMORANDUM

Additional Photos



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OFFERING MEMORANDUM

Regional Map



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OFFERING MEMORANDUM

Location Maps



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OFFERING MEMORANDUM

Retailer Map



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OFFERING MEMORANDUM

Sample Site Plan A



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OFFERING MEMORANDUM

Sample Site Plan B



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POPULATION 1 MILE 5 MILES 10 MILES

Total population 356 7,830 28,831

Median age 44.5 44.5 45.6

Median age (Male) 42.3 42.6 44.8

Median age (Female) 47.1 46.7 46.7

HOUSEHOLDS & INCOME 1 MILE 5 MILES 10 MILES

Total households 143 3,145 12,092

# of persons per HH 2.5 2.5 2.4

Average HH income $61,619 $62,794 $74,615

Average house value $246,297 $247,245

* Demographic data derived from 2010 US Census

OFFERING MEMORANDUM

Demographics Map



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3333 Durham-Chapel Hill Blvd, Suite CDurham, NC 27707O: 919.287.2128

C: 919.259.3618

[email protected]

PROFESSIONAL BACKGROUND

Hometown: Chapel Hill, North Carolina

Johnny Wehmann brings a 13-year background of diverse real estateexperience to Real Estate Associates. While Johnny practices commercialbrokerage throughout the Triangle, he has found a niche working on landsales in Chatham, Durham and Orange Counties. Before joining REA, Johnnywas working as a commercial real estate broker with Sperry Van Ness. Prior tothat he was at Meridian Realty in Winston-Salem were he worked incommercial property management with a focus on retail and office properties;his clients ranging from local landlords to private equity fund managers.Johnny also spent several years as a Property Manager/Broker-in-Chargefocusing on Multi-Family housing with developer/owner, Ticon Properties.

Outside of work, Johnny enjoys spending time with friends and family. He canregularly be found at local music venues and sporting events. He especiallyloves going on outdoor adventures with his wife Catherine and two dogs,Dash + Emmie.

EDUCATION

Bachelors of Science Degree in Economics, East Carolina UniversityGraduate, NC Realtors® Leadership Academy

MEMBERSHIPS & AFFILIATIONS

Licensed Real Estate Broker, North CarolinaRising Star Award, Orange-Chatham Association of Realtors®Member, Triangle Commercial Association of Realtors®Member, Chapel Hill Young ProfessionalsMember, Bull City Business LeadersVolunteer, Mental Health Association of the Triangle

JOHNNY WEHMANN

Commercial Broker

OFFERING MEMORANDUM

Advisor Bio


Documents

Pittsboro Land Assembly...Pittsboro Land Assembly. No warranty or representation, expressed or implied, is made to the accuracy of the information contained herein, and same is submitted