$500,000
Development opportunity in the Town of Vanceboro. This 5.23-acre tract on Buck Lane is zoned R-8 and has a 14-lot detached single-family subdivision plan already well underway. The proposed layout puts 14 lots along a new 50-foot public right-of-way with a paved street ending in a cul-de-sac. Minimum lot size is 8,000 square feet with 80-foot minimum widths, and the plans call for connections to public water and sewer. The land is cleared, mostly open, and lined with mature trees along the perimeter. It sits in FEMA Flood Zone X (minimal flood risk), and new single-family homes are going up next door on Buck Lane.
Much of the entitlement work is already done. The project has preliminary approval from the Town of Vanceboro, and the owner is now submitting revised drawings for final approval. The erosion and sedimentation control permit has been issued, and Duke Energy has given final approval for electric service. Once the Town grants final approval, the state water and sewer permits can move forward. That gives a builder or developer a project with engineering, utility coordination, and a defined lot count already in hand, ready to carry through to completion. The same property also suits a buyer who wants more than five acres within town limits to build a private home with plenty of room. Site plans and engineering drawings are available upon request.
100615539
MLS
⋅
ACTIVE
Status
Buck Ln, Vanceboro
