Five ACs to Infill Workforce Housing - Modular Land/Home - Migrant Worker Housing

Wilkins Road Lat/Long: 34.61202, -79.99149,
Patrick, SC 29584

Asset Snapshot

5.00 Acres

Land Area

Offering Summary

Investment Overview

Investment Highlights Low-basis entry for a 5-acre land position. At an asking price of $43,590 for 217,800 square feet, the acquisition basis is approximately $0.20 per square foot. That pricing offers a comparatively low-cost entry point for buyers pursuing land holding, small-scale residential development, or a modular housing strategy. Flexible use profile supports multiple development concepts. The offering is marketed with a "No Zoning" designation and specifically positions the site for workforce housing, modular land-home product, multifamily, mixed-use, and migrant worker housing concepts. That flexibility can broaden the range of feasible end uses, subject to county-level diligence and development standards. Vacant land structure eliminates lease rollover and operational transition risk. The parcel is vacant and carries no in-place operating income, with a stated NOI of $0.00 and a 0.0% cap rate. For buyers focused on development rather than stabilized cash flow, that means the opportunity is driven by future site planning rather than inherited tenancy or deferred operational issues. Possible owner financing may improve capital efficiency. The seller is marketing possible owner financing and has indicated willingness to discuss a low down payment structure. For smaller private investors or developers, flexible seller terms can reduce upfront equity requirements and improve near-term execution flexibility. Patrick location offers a rural infill housing angle. The property sits on Wilkins Road in Patrick, SC, an area the offering frames as suitable for residential and workforce-oriented development. In a market where lower-cost housing formats often require affordable land basis, the site’s size and price point align with entry-level development economics. Scale is sufficient for phased or specialized housing layouts. A full 5.00 acres provides enough land area to evaluate multiple site configurations, including modular placements, small multifamily clusters, workforce housing layouts, or ancillary support uses. That scale gives buyers room to test density, circulation, and utility concepts during predevelopment. Clear repositioning upside is paired with a straightforward acquisition narrative. This is not a yield play built on trailing income; it is a land repositioning opportunity where value creation depends on entitlement, infrastructure planning, and end-use execution. Buyers who can solve title, planning, and development questions may be able to convert a low-basis raw land acquisition into a more valuable housing-oriented asset. Transaction structure favors buyers comfortable with diligence-driven acquisitions. The property is being sold "AS IS, WHERE IS," was purchased at a tax sale, and the seller indicates no quiet title action has been performed, with conveyance by quitclaim deed. For experienced land buyers, those terms can reduce competition from less sophisticated purchasers while preserving upside for groups equipped to manage title and closing diligence. Introducing an exceptional investment opportunity located in the thriving Patrick area. Boasting a versatile "No Zoning" designation, this expansive property offers unparalleled potential for development and expansion. Its prime location presents an ideal canvas for a wide range of multifamily investment endeavors, from residential complexes to mixed-use developments. With its strategic positioning, investors can unlock endless possibilities for cultivating a dynamic, high-yield real estate portfolio. Don't miss the chance to capitalize on this prime parcel of land – an astute investment in the heart of the vibrant Patrick area. $43,590.00 Sales Price | Possible Owner Financing. Commission Structure is a $5,950.00 Flat Fee Split Between the Listing and selling brokerage if a selling brokerage is involved. Property transfers at closing or upon payoff of seller financing. Property "AS IS, WHERE IS". All potential uses are subject to Buyer Due Diligence with Chesterfield County Planning and Zoning. Discuss a possible low downstroke and Seller Financing of the balance. Solely Buyer Due Diligence Responsibility. Purchased at a tax sale. Research neighborhood development standards solely via buyer due diligence. No suit to quiet title performed or to be performed by Seller. Closing costs are the buyer's costs, except for the basics. The seller will execute a Quitclaim Deed at his cost, and the Attorney will focus on the other costs and the Buyer's costs on the Buyer's nickel.