These sales are
just a sampling of our experience in selling land in the Triad area of
North Carolina. Philip Stewart's specialty is in representing
landowners and in obtaining the highest possible exposure and price for
their property. The experience and contacts gained over the past 20
years in marketing land and getting property professionally planned,
rezoned, and sold are the most valuable services we offer our clients.
1) University
Parkway at Bethabara Road
21-acre
apartment/land that required rezoning. Owners lived on property, which
required detailed coordination of rezoning, closing of sale, and
relocation to a new home. Land sold in excess of $55,000 per
acre.
Reference:
Mrs. Ray Triplette
2)
North Church Street/Greensboro
22-acre site
located on the west side of North Church Street in Guilford County's
critical watershed area. Land sold for a new single-family development.
Owner keeping two newer homes on site; as such, developer is limiting
density and providing buffering. Property was rezoned from Agriculture
to Single-Family in addition to obtaining a new sewer lift station with
the City of Greensboro. Sales price of $22,600 per
acre.
Reference:
Mrs. Sandy Wilson
3)
Robbins Road/Kernersville
50-acre site. Site
was already zoned single-family with all utilities in place. We
assembled three landowners to create good access and a square
configuration to maximize the utilization of the land. Also negotiated
with DOT regarding turn lanes on Robbins Road and Highway 150. Land
sold for $30,000 per acre. Asking price was $25,000 per
acre.
Reference:
Mr. Doug Dampier
4)
Reynolda Road
22-acre site near
Shattalon Drive in NW Winston-Salem. Site was previously under contract
for new Wal-Mart store. Rezoning was denied. Now new buyer has plans
for upscale 312 unit apartment development. Sold in June 2006 for
$50,625 per
acre.
Reference:
Mr. Clarence White
5)
Reynolda Road at Bethabara Road
32-acre
single-family site in NW Winston-Salem. Buyer worked closely with
Seller's extended family and neighbors to maintain Moravian Heritage of
area in designing the new development. Land sold for $25,600 per
acre.
Reference:
Mr. Stan Studer, Jr.
6)
Old Belews Creek Road
42-acre site sold
in March 2005 for single-family homes. The sale was for the Estate of
W. N. Poindexter Heirs. Sales price of $21,200 per
acre.
Reference:
Lenwood and Dorris Ammons
7)
Westover Drive
42-acre site in
northwest High Point. Site was rezoned for 150 condominium units.
Developer had to work around several site constraints: gas line
easement, topography and stream restrictions. Only 26 acres were
buildable. Sale closed January 2006. Sales price of $29,870 per
acre.
Reference:
Mary Ellen Lowery
8) Robinhood
Road
Developer is
planning 40 high end homes. Majority of property in floodplain and is
not useable. City required double turn lanes into site and new sidewalk
down Robinhood Road to Muddy Creek. Sale closed in August 2006 for
$36,913 per acre.30-acre site located just east of Muddy Creek. Zoned
single-family.
Reference:
Mr. Sam Craft
9)
Peters Creek Parkway
25-acre apartment
site located off Peters Creek Parkway at South Park Boulevard. Site was
zoned RM-18 and required extensive negotiations with the City/County
Planning Board regarding the cost and location of the extension of
South Park Boulevard through the site over to Old Salisbury Road. Sale
price was
$1,053,000.
Reference:
Mr. Bill Hollan
10)
Clemmonsville Road
37-acre residential
site just east of Peters Creek Parkway. Site was already zoned
single-family with all utilities in place. Large amount of grading
required on this property. Buyer had to negotiate new entrance and road
widening with DOT. Sales price of $21,800 per
acre.
Reference:
Mrs. Patricia Long
11)
Peters Creek Parkway at Wilshire Golf
Course
62-acre residential
site. Land was recently rezoned from RS-9 to mixeduse residential
development containing single-family homes, owneroccupied condos, and
multi-family apartments for rent. A sewer extension outfall had to be
negotiated and obtained to develop this site. Sales price of $14,000
per
acre.
Reference:
Mr. Graham Right
12)
Union Cross Road/Kernersville
19-acre site
recently sold in conjunction with an adjoining 68-acre site.
Buyer planning a residential mixed-use development. Property was
rezoned for a combination of single-family homes and town homes. Buyer
also had to negotiate with the City/County Utilities Commission to
bring sewer from 7,000 feet away. Sales price of $22,500 per acre for
the 19-acre
site.
Reference:
Mr. Charles Willard
13)
Glenn Hi Road/Kernersville
44-acre site for
new single-family development. Sale negotiated in March 2001. Was
recently rezoned to RS-15 (single family homes). Sales price of $22,300
per
acre.
Reference:
Mr. Tom Hall
14)
Lewisville-Clemmons Road/Clemmons
26-acre site sold
to local homebuilder. Plans call for condominiums and single-family
homes. Extensive work with DOT for adequate road access and with County
Utilities for sewer. Land located in watershed that required creative
planning to maximize land utilization resulting in a higher final sales
price of $31,980 per
acre.
Reference:
Mr. Olin Reavis
15)
Glenn Hi Road /Kernersville
56-acre site for
new single-family development. Was recently rezoned from agriculture to
RS-15 (single-family homes). Developer included extra open/common areas
and walking trails to obtain rezoning. Propertywas purchased in two
phases. Sales price of $23,645 per
acre.
Reference:
Landcraft Properties
16)
Lakawana Drive/ Walkertown
42-acres site sold
for residential development. Property initially denied rezoning from
agriculture to residential by Forsyth County. Recommended annexation by
City of Walkertown. As such, property was annexed and rezoned to mixed
use of single-family and townhouse development. Sales price of $13,000
per acre.
Reference:
Mr. Brad Marshall
17)
Peters Creek Parkway at Bridgton Road
21.5-acre site
zoned for apartments. Recently sold to a developer for owner-occupied
condominiums. Working through wetland issues, DOT road improvements and
site plan amendments with the City Planning Board. Sales price of
$55,000 per acre.
Reference:
Mr. John Gramling
18)
Old Salisbury Road
13.5-acres being
sold for townhouse development. Land had to be rezoned from
single-family to multi-family. Negotiated with City for rezoning and
DOT regarding road widening. Sales price of $37,500 per
acre.
Reference:
Dr. Clarence Lloyd
19)
Frye Bridge Road/Clemmons
31-acre site sold
to land developer for single-family lots. Property located across from
fresh water treatment plant in SW Forsyth County. Public sewer was
unavailable; as such, land required a combination of septic tanks along
with connecting some lots into an adjoining private sewer treatment
facility. Sales price of $9,000
acre.
Reference:
Mr. Jimmy Taylor
20)
Walker Road at Murray Road
20-acre site sold
to public school system for new elementary school. Land was part of
45-acre tract where Owner lived. Site required adequate buffering and
road access to meet Seller.s and Buyer.s needs. Sales price of $12,500
per
acre.
Reference:
Mrs. Ardenia Ogburn
21)
Highway 64 @ WarrenRoad
154-acre site sold
in Statesville, NC. Estate land that had no access at major road. Buyer
had to negotiate additional right-of-way with neighboring land owner.
Property bought for a high-end residential/horse farm. Sale closed in
April, 2006. Sales price of
$645,000
Reference:
Mr. Dan Kinney
22)
Winston-Salem Forsyth County School System
Represented the
School System as a Buyer's Agent. Located and negotiated the purchase
of five (5) different sites throughout the County for new elementary,
middle, and high
schools.
Reference:
Mr. James Moorefield
23)
Peters Creek Parkway at New W. Clemmonsville Road Extension
30-acre tract lying
on the SW corner of the West Clemmonsville Road Extension and Highway
150. Successfully rezoned one corner for new Wal-Mart. Land sold for
$158,600 per acre. Also sold 40 acres on NW corner to Lowe's Home
Improvement Store for $130,000 per
acre.
Reference:
Mr. Craig Rothrock and Mr. Joe Harrison
24) Hanes Mall
Boulevard
Two sites (2.9
acres and 4.76 acres) owned in an Estate. 2.9-acre site sold for
$1,000,000 as a 1031 exchange. Buyer was contacted on a Tuesday, sale
closed four (4) days later. 4.76-acre site sold for $2,000,000.
Property located directly across from Wal-Mart. Land had been on market
for several years due to construction debris and limited usability of
land (3.4 buildable acres). Land sold March 2006 for new Class A office
and retail development.
Reference:
Mrs. Joyce Hinshaw
25)
Kivett Drive Industrial Park
110-acre industrial
park in High Point. Sold to Carolina Investment Company to divide the
land for industrial users. Successfully negotiated a railroad easement
with Norfolk-Southern and the relocation of the entrance to the
development with the City of High Point's Fresh Water Supply
Plant.
Reference: Amresco
Bank
26)
Leinbach Plaza
8-acre shopping
center site in northwest Winston-Salem. This site was denied rezoning
six times over the past nine years. Successfully had the site rezoned
and developed for a new Harris Teeter-based shopping center.
(Currently occupied by Peak Fitness Center.)
Reference:
Mr. David Fulcher
27)
Jonestown Road at Interstate 40
4.3-acre estate
sale for new AMF Bowling Lanes. Property required rezoning from
residential to commercial. Buyer was being misplaced from Stratford
Road and the sale had to close with all documents signed and executed
under extremely tight time constraints. Sales price of $144,000 per
acre.
Reference:
Mrs. Dot Dickerson
28)
Country Club Road
5-acre office
building site next to New Philadelphia Moravian Church. Property had to
be rezoned from residential use. Guided and advised Buyer/Developer to
grant appropriate concessions to local government to obtain rezoning
approval. Site now fully built out with first-class office buildings.
Reference:
Mrs. Dot Dickerson
29)
W. Clemmonsville Road
35-acre site under
contract for commercial mixed-use development. Will include retail,
office, medical and multi-family buildings. Site adjoins
new Wal-Mart and Lowe.s Home Improvement. Currently being rezoned. Sale
expected to close in November 2007.
