306 Pennington Ave

🚨 DUAL-PARCEL OFF-MARKET DEAL: Build-Ready Land in Lexington, NC! 🚨 Lock in 45,000 SQ FT of prime, buildable land right in a thriving, fully developed Lexington neighborhood. Whether you want to build a high-ROI Single-Family Home (SFH), explore multifamily potential, or subdivide and multiply your profits, this dual-parcel deal is priced to move fast at just $20,000 cash! 💰 The Deal Purchase Price: $20,000 Cash Estimated Value: High-equity builder opportunity! Earnest Money Deposit (EMD): $3,000 Close of Escrow (COE): 10/13/2026 or sooner (Quick close available!) 📈 Recent Single-Family Neighborhood Comps The proof is in the numbers! Check out how these local home sales justify the immense value of your 45,000 sq ft footprint: 985 Wafford Cir Sold for $342,000 | 3 Bed / 2 Bath (1,454 sq ft) on a massive 1.58 Acre Lot (68,825 sq ft) 109 Oakdale St Sold for $210,000 | 3 Bed / 1 Bath (1,120 sq ft) on a sprawling 1.33 Acre Lot (57,935 sq ft) 323 Mendota Ave Estimated market value $261,100 | Blocks away on a 37,500 sq ft Lot Small-Lot Comps Within 1 Mile 202 Chickadee Dr Sale Price: $250,000 Lot Size: 4,102 sq ft (~0.09 acres) — Ultra-compact lot footprint. Home Specs: 2 Bed / 2 Bath (1,375 sq ft) 609 Peeler St (Located ~0.6 miles away) Sale Price: $150,000 Lot Size: 8,712 sq ft (~0.20 acres) Home Specs: 2 Bed / 1 Bath (871 sq ft) 📍 Property Specs & Massive Potential Address: 306 Pennington Ave, Lexington, NC 27292 APN 1 (11-180-0-001-0191): 11,250 SQ FT — Perfect footprint for a beautiful, modern SFH build. APN 2 (11-180-0-001-0182): 33,750 SQ FT — Massive lot! Subdivide this piece to build multiple SFHs or capitalize on the neighborhood's active multifamily zoning. Total Footprint: 45,000 SQ FT of blank-canvas potential. 🚀 Why Builders & Investors Will Love This Utilities Ready: Power, water, and sewer lines are already at the lot line—saving you thousands in development extensions. Proven Market: Surround your build with successful, established SFH and multifamily properties. No guesswork needed—the neighborhood is already highly desirable. Flexible Exit Strategies: Build a custom dream home, flip the subdivided lots to other builders, or build and hold for cash-flowing rental income.