{"id":1021,"date":"2016-03-11T11:57:05","date_gmt":"2016-03-11T16:57:05","guid":{"rendered":"http:\/\/www.dowellcommercial.com\/?page_id=1021"},"modified":"2026-04-17T08:43:58","modified_gmt":"2026-04-17T12:43:58","slug":"land","status":"publish","type":"page","link":"https:\/\/www.dowellcommercial.com\/?page_id=1021","title":{"rendered":"Land"},"content":{"rendered":"

Land transactions are complicated and specialized in nature.\u00a0 While the adage that value is relative applies to all real estate, this is exceptionally true in a land transaction.\u00a0 The exact same property will have a different financial value for different types of retail users (value based on potential sales volume), an office user (value based on floor area ratio), a multi-family user (value based on per unit count), and so forth.\u00a0 To understand both 1) current value and 2) a best and highest potential value, a broker must understand the spectrum of pricing options by use, the area market (supply and demand), zoning (which controls potential uses), set backs and impervious surfaces requirements (which limits onsite development), among other things.\u00a0 It is highly recommended that anyone looking to lease, purchase, or sell land hire a firm like Dowell Commercial well versed in the many aspects of a land transaction.\u00a0 Please contact us<\/a>, if you are interested in working with a successful land brokerage team on 1) listing your property or 2) buyer \/ tenant representation.<\/p>\n

Outlined below are DCR land real estate listings.\u00a0 For all of the below listings, Dowell Commercial is a seller or landlord agent.\u00a0 For questions about this agency role, please consult the Working With Real Estate Agents brochure (regarding a sale<\/a> or lease<\/a>).\u00a0 <\/em><\/p>\n

400 First St, Gibsonville (Guilford County)<\/strong><\/p>\n

Approx. 14 to 17 available acres on a 20 acre site located adjacent a downtown 440K SF mixed use historic rehab development. Property is zoned mixed use, is allowed 26 units per acre, annexed with access to public utilities, and part of a larger development. This future phase is for sale now. Property is priced for a max unit count by zoning at approx. $11K \/ unit.\u00a0 If you would develop to a different lesser unit count, make an offer.\u00a0 A dropbox with site details (environmental, survey, etc) is available upon request.\u00a0\u00a0<\/p>\n

400 First St, Gibsonville Flyer<\/a><\/p>\n

109 – 115 Flemingfield Road, Greensboro (Guilford County)
<\/strong><\/p>\n

Approx. 1.71 acre opportunity zone office \/ retail land site.\u00a0 Property is adjacent Wendover Avenue \/ Highway 70 with access on both sides to two public road.\u00a0 A PlacerAI detailed market report and trade area information is available upon request.\u00a0 For additional area, also see nearby site at 123 Elsielee Road.<\/p>\n

109 – 115 Flemingfield Road Land Flyer<\/a>
Zoning Details\u00a0<\/a><\/p>\n

123 Elsielee Road, Greensboro (Guilford County)<\/strong><\/p>\n

In immediate proximity to the above Flemingfield Road property.\u00a0 This property is an excellent self storage opportunity.\u00a0 A PlacerAI detailed market report and trade area information is available upon request.\u00a0<\/p>\n

123 Elisee Road, Greensboro Land Flyer<\/a><\/p>\n

Industrial Land Off Highway 52, King (Stokes County)<\/strong><\/p>\n

Approx. 26 acres of well located land north of Winston Salem.\u00a0 Off exit 123 on Highway 52, this M-1 zoned King land is available at $38K \/ acre.\u00a0 A detailed dropbox with full information is available upon request.<\/p>\n

108 Kates Farm Road, King Flyer<\/a>
Detailed Dropbox (Environmentals, Incentives, Survey, Etc)\u00a0<\/a><\/p>\n

SUCCESS(ES)<\/p>\n

SOLD 3Q23 (Seller Representation): <\/strong>Flemingfield Road @ Highway 70, Greensboro<\/a> (Guilford County)
<\/strong><\/p>\n

This 8.46 acre mixed residential land opportunity sold to a townhome developer.\u00a0 It was the third and final demised section of a 60 acre property DCR has listed.\u00a0 Contracted pre-covid and with time for entitlement, this $348K transaction closed in July 2023.\u00a0 Dowell Commercial Realty was the only broker involved in this transaction.<\/p>\n

SOLD 1Q23 (Buyer Representation)<\/strong>: Land Sale @ Solstice Drive, Statesville (Iredell County)<\/p>\n

In August 2021, the North Carolina Housing Finance Agency (NCHFA) awarded financing for 84 units of new construction adjacent to Third Wave Housing’s Retreat at Statesville.\u00a0 This new development will be called the Flats at Statesville.\u00a0Sean Dowell represented Third Wave Housing<\/a> as purchaser on this 5.27 acre vacant land purchase.\u00a0 This $675,000 transaction closed in February 2023.<\/p>\n

SOLD 1Q23 (Seller Representation): <\/strong>Land Sale @ Yanceyville Street, Greensboro<\/a> (Guilford County)
<\/strong><\/p>\n

Representing The Alexander Company<\/a>, DCR sold a 2.96 acre site in the heart of Greensboro’s Mill District.\u00a0 While land sales are naturally detailed affairs, this infill site sale had further complications of a greenway easement and a brownsfield agreement.\u00a0 Ultimately all were satisfied and this property sold at the start of January 2023.\u00a0 The purchaser was represented by NAI Piedmont Trad.<\/p>\n

SOLD 4Q22 (Buyer Representation)<\/strong>: Land Sale @ 1791 Outlet Drive, Selma (Johnston County)<\/p>\n

In September 2021, the North Carolina Housing Finance Agency (NCHFA) awarded financing for 84 units of new construction for the Retreat at Selma.\u00a0 This transaction sold for $738,000 in 4Q22.\u00a0 Sean Dowell represented Third Wave Housing<\/a> as purchaser on this 8.078 acre vacant land purchase.\u00a0 Todd Ewen of L3 Commerical<\/a> and Marlane Klintworth of MVK Commercial represented the seller.<\/p>\n

SOLD 3Q22 (Buyer Representation): <\/strong>Land Sale @ 100 – 102 Steele Street, Gibsonville (Guilford County)<\/p>\n

Representing the town of Gibsonville, DCR sourced multiple off market deals in pursuit of a best future civic location.\u00a0 In July 2022, an ideally located 8.04 acre site was purchased for $350,000.\u00a0 The seller was unrepresented.<\/p>\n

SOLD 3Q22 (Seller Representation): <\/strong>Land Sale @ Off Flemingfield Road, Greensboro (Guilford County)<\/p>\n

In a subdivision of 60 acres and as a second transaction for this seller, DCR sold 8.5 acres to Windsor Homes for $214,500.\u00a0 This land did not have public roadway access, was buried behind multiple creeks, and was purchased as part of a larger subdivision occurring adjacent this area.<\/p>\n

SOLD 2Q22 (Seller Representation): <\/strong>Land Sale @ Flemingfield Road & Highway 70, Greensboro (Guilford County)<\/p>\n

This 33 acre residential land sale<\/a> sold for $963,390.\u00a0 It was contracted in 2020 and sold upon successful entitlements.\u00a0 DCR represented the seller while NAI represented purchaser True Homes.<\/p>\n

REZONED 1Q22 (Seller Representation):<\/strong> Annexation \/ Original Zoning @ 4618 Hicone Road, Greensboro<\/a> (Guilford County)<\/p>\n

In order to make a listing more attractive for a sale, Sean Dowell annexed a .71 acre outparcel into Greensboro.\u00a0 This included being the primary lead on neighbor contacts, preparation for all marketing materials, presentation to planning staff, the planning board, and also city council.\u00a0 This strategy works and by 2Q22, this property is contracted for sale to a retail user. \u00a0 For more information on the land asset itself, see the link in the title above.\u00a0<\/p>\n

REZONED 1Q22 (Seller Representation): <\/strong>Rezoning @ Minneola Mill \/ Gibsonville Square<\/a> (Guilford County)<\/p>\n

DCR worked with Three Floors of Vision in rezoning the newly branded Gibsonville Square redevelopment.\u00a0 This 440K SF industrial asset and 19 adjacent, vacant acres was partially rezoned to a mixed use zoning designation.\u00a0 While portions of this property will always have non-residential uses, other areas of this asset are better served as an expansion of Gibsonville\u2019s downtown and also dense housing.<\/p>\n

SOLD 4Q21 (Seller Representation): <\/strong>Land Sale @ Highway 61 @ Highway 70, Gibsonville (Guilford County)<\/p>\n

This land site required patience and was a challenged listing.\u00a0 While having a liberal retail zoning and Highway 70 frontage location, this site did not have access to sewer.\u00a0 Working in conjunction with developer Hackett Builders and through local advocacy, DCR was able to aid in a utilities extension and a new denser multi-family zoning designation in Gibsonville’s code.\u00a0 This 19 acre property sold for a class A apartment development in December 2021.\u00a0 Sean Dowell represented the seller and Karen Towery of Keller Williams Realty represented Hackett Builders.\u00a0 For more information on the original property sale, see H61 @ 70, Gibsonville Flyer<\/a>.<\/a><\/p>\n

SOLD 4Q21 (Buyer Representation)<\/strong>: Sale of Land and Historic Minneola Mill @ 106 Railroad Avenue, Gibsonville (Guilford County)<\/p>\n

Dowell Commercial Realty represented developers Third Wave Housing<\/a>, Core Properties<\/a>, and their partners on a 381K SF historic purchase.\u00a0 This multi-tenant, turn of the century mill composes 60% of downtown Gibsonville and has 20+ tenants.\u00a0 While it has primarily industrial uses at the time of sale, this value add redevelopment will be repositioned for best and highest uses over multiple years. This purchase also included 17 acres of vacant land adjacent to Gibsonville\u2019s downtown.\u00a0 All in all, this is a second and final purchase of Minneola Mill.\u00a0 In 2019, this group also purchased 58K SF of this mill through DCR.\u00a0 For details on this initial purchase, see its case study<\/a>.<\/p>\n

2Q20 \u2013 3Q20: <\/strong>Covid-19 worldwide shut downs.<\/p>\n

SOLD 2Q20 (Buyer Representation)<\/strong>: Land Sale @ Business Park Drive, Pittsboro (Chatham County)<\/p>\n

In September 2019, the North Carolina Housing Finance Agency (NCHFA) awarded financing for a 48 unit new construction apartment to Third Wave Housing.\u00a0 Sean Dowell represented TWH on this 3.5 acre infill purchase and also aided with entitlement of the asset.\u00a0 Seller represented by Sonya Wagner of Craft Commercial.\u00a0 Land sale of $275K closed in 2Q20.<\/p>\n

SOLD 3Q19 (Seller Representation)<\/strong>: Land \/ Lot Sale @ Melmark Subdivision on Apple Street, Burlington (Alamance County)<\/p>\n

Representing GC and developer Con-Mech Contractors, DCR sold the 40+ lot Melmark subdivision to builder Wade Jurney Homes.\u00a0 Sale valued at approx. $1,300,000.<\/p>\n

SOLD 3Q19 (Buyer Representation)<\/strong>: Land Sale @ 502 West Third Street, Siler City (Chatham County)<\/p>\n

In August 2018, the North Carolina Housing Finance Agency (NCHFA) awarded financing for a 44 unit adaptive reuse project at the prior Henry Siler School.\u00a0 This dense infill development of 2.36 acres is near Siler City\u2019s downtown and will include new construction around historic bones.\u00a0 Sean Dowell represented Third Wave Housing<\/a> as purchaser and actively assisted with the donation of this declining asset to TWH.\u00a0 This transaction closed in 3Q19.<\/p>\n

SOLD 1Q19 (Buyer Representation)<\/strong>: Land Sale @ 1186 4th Street Drive SW, Hickory (Catawba County)<\/p>\n

In August 2018, the North Carolina Housing Finance Agency (NCHFA) awarded financing for an 80 unit affordable housing development in Hickory.\u00a0 In 2019, this 11 acre property will be developed into new construction multi-family behind the Hickory Plaza Shopping Center and adjacent Walmart Neighborhood Market. \u00a0 Sean Dowell represented Third Wave Housing<\/a> as purchaser and Chris Spencer of Realty Executives<\/a> represented the seller.\u00a0 This $400,000 transaction closed in 1Q19.<\/p>\n

REZONED 3Q18<\/strong>: Land @ 3915 Burlington Road, Greensboro (Guilford County)<\/p>\n

Dowell Commercial represented Bryant Properties on a second rezoning case<\/a>.\u00a0 A business expansion of Bryant Hardware required a rezoning of adjacent vacant land for enhanced outside storage uses.\u00a0 This was a downzoning from shopping center to light industrial.\u00a0 This 14 acre rezoning required numerous meetings and concessions to concerned neighbors.\u00a0 This rezoning was ultimately successful with both county staff and neighbor support.<\/p>\n

REZONED 2Q18<\/strong>: Land @ 2921 Huffine Mill Road, Gibsonville (Guilford County)<\/p>\n

Dowell Commercial represented Bryant Properties in the successful rezoning of 60 acres.\u00a0\u00a0 Dowell Commercial has both the capacity and experience to do development work on behalf of its clients.<\/p>\n

SOLD\u00a01Q17 (Buyer Representation)<\/strong>: Land Sale of 2921 Huffine Mill Road, Gibsonville (Guilford County)<\/p>\n

Dowell Commercial represented Bryant Properties in the purchase of sixty acres for a single family residential development.\u00a0 Purchase of Guilford County parcel 111766 allows Bryant Properties to expand upon their existing golf course community adjacent to this site.\u00a0 This property was contracted and purchased in 1Q17.<\/p>\n

SOLD 4Q15 (Seller Representation):\u00a0<\/strong>Land Sale of 914 South Fifth Street, Mebane (Alamance County)<\/p>\n

As an broker partner to listing firm Born Commercial, DCR participated in the sale of a 2.85 acre retail land site in Mebane.\u00a0 This infill property included a 1,552 SF prior daycare, which added little value to the transaction and whose value was not ultimately included in the sales price.\u00a0 At time of sale, this property was within a mile of 400,000 SF of retail users (Tanger Factory Outlets, Walmart Supercenter, Mebane Oaks Village Shopping Center) and Mebane\u2019s primary medical facilities.\u00a0 Traffic counts of 10,000 \u2013 15,000 VPD per 2011 NC DOT maps.\u00a0\u00a0 Land is to be developed into a 30 room, higher end hospitality project.\u00a0 Developer \/ owner also owns the Acorn Inn<\/a> in Elon. \u00a0 For more information on this sold asset, see Kiddie Care Mebane Flyer<\/a>.<\/p>\n

SOLD 1Q15 (Buyer Representation)<\/strong>: Land Sale of Solstice Drive @ N. Pointe Boulevard Land Development, Statesville (Iredell County)<\/p>\n

Dowell Commercial Realty represented Sari & Associates NC, LLC in the purchase of 5.25 acres of land for a new construction multi-family complex in Statesville.\u00a0 Sale was contracted 1Q14 and closed 1Q15.<\/p>\n

SOLD 2Q14 (Seller Representation)<\/strong>: Land Sale of 1601 Yanceyville Street, Greensboro (Guilford County)<\/p>\n

Unique, 17 acre infill land opportunity near Wendover Avenue, north of downtown Greensboro, and near Moses Cone Hospital.\u00a0 Ken Born (of Born Commercial) and Sean Dowell (of Dowell Commercial) worked with property ownership as listing brokers.\u00a0 By late 2015, the onsite 160,000 SF industrial asset was demolished to clear this site for other best and highest uses.\u00a0 For more information on the original property sale, see the Olympic Mill Property Flyer. <\/a><\/p>\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Land transactions are complicated and specialized in nature.\u00a0 While the adage that value is relative applies to all real estate, this is exceptionally true in a land transaction.\u00a0 The exact same property will have a different financial value for different …<\/p>\n

Land<\/span> Read More »<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"open","template":"full-width-page.php","meta":{"footnotes":""},"class_list":["post-1021","page","type-page","status-publish","hentry"],"yoast_head":"\nLease, Purchase, or Land Sale<\/title>\n<meta name=\"description\" content=\"Land transactions are complicated and specialized. 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