Avison Young is pleased to present the opportunity to purchase a remarkable ±38.74-acre property in Clayton, North Carolina, slightly
north of Highway 70 Business and just south of Highway 42. The property is currently zoned R-E, with a mainly flat topography and a manmade stormwater pond. The buyer will have an opportunity to rezone the property, enabling the development of a three-story walk-up surfacepark product similar to the nearby Amelia Station, which boasts a 99.5% occupancy rate and 16% annual effective rent growth year-over-year for 216 Class A multifamily units. The site would also lend itself for a build to-rent product for either single-family or townhome development as the population of Clayton continues to grow.