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$337,500
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Property Description
Approved 4-Unit Townhome Development - Shovel Ready w/ Architectural Plans Rare opportunity to acquire a fully approved, shovel-ready townhome project in the growing Sanford market. This offering includes two contiguous parcels totaling ±0.55 acres with approved plans and front elevation renderings for four (4) townhomes with garages. The proposed design features a thoughtful, historically inspired architectural style that aligns with the character of the surrounding area--an increasingly important factor for buyer appeal and long-term value. Elevations and plans are available, allowing a builder to move quickly from closing to construction. The site is flat, cleared, and utilities are available, minimizing upfront development costs and eliminating much of the typical entitlement timeline and risk. Located just off N. Gulf Street near downtown Sanford, this property is ideally positioned to benefit from ongoing growth and demand for quality attached housing. Highlights: Approved for 4 townhomes (garage units) Architectural plans + front elevation rendering included ±0.55 acres (2 parcels) Flat, cleared site Utilities available Infill location near downtown Sanford Reduced entitlement risk → faster path to vertical construction Builder/Investor Opportunity: With approvals and design already in place, this project offers a streamlined path to development--ideal for builders seeking efficient deployment of capital in a growing market. Suitable for build-to-sell or build-to-rent strategies. 2nd Lot 10 Not listed also priced: $337,500, total both lots: $675,000
Full Property Details
Full Property Details for 0 N Gulf St
General
- Price: $337,500
- Taxes: $130
- Status: Active
- Type: Lots/Land
- Source: 2218
- MLS ID: 10076514
- Updated: 5/11/2026
- Added to Site: 475 day(s) ago
Location
- County: Lee
- Subdivision: Rosemont
- Driving Directions: Going North on Horner Blvd, turn left at Weatherspoon stoplight. Lots are side by side, at the corner of Weatherspoon and Gulf.
- City Limits: Yes
School Information
- Elementary School: Lee - B T Bullock
- Middle School: Lee - West Lee
- High School: Lee - Lee
Utilities
- Water: Public
- Utility Description: Electricity Available, Natural Gas Available, Sewer Available, Water Available
Lot Features
- Lot Size (Acres): 0.29
- Lot Size (Sq. Ft.): 12,632.4
- Lot Dimensions: 84 x 151
- Frontage: City Street
- Street/Road Desc.: Asphalt
- Zoning: R-12
Financial Considerations
- Price Per Acre: $1,163,793.1
- Tax Amount: $130.35
Disclosures and Reports
- Special Conditions: Standard
- Property ID: 964341445100
- Lot Number: 9
Listed by Hearthstring Realty Inc., Carrie Guerreiro (919) 539-3894
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Price & Sales History for 0 N Gulf St
Date
Details
Price
Change
Source
2/28/2025
Price Reduced
$337,500
-50%
MLS
2/13/2025
Listed
$675,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 0 N Gulf St
Year
Property Taxes
Change
Tax Assessment
Change
2024
100%
$7,500
—
2022
100%
$7,500
21%
2021
100%
$6,200
—
2020
100%
$6,200
—
2019
—
$6,200
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 0 N Gulf St
0 N Gulf Street, Sanford, NC 27330 (MLS# 10076514) is a Lots/Land property with a lot size of 0.29 acres. 0 N Gulf Street is currently listed for $337,500 and was received on February 13, 2025. Want to learn more about 0 N Gulf Street? Do you have questions about finding other Lots/Land real estate for sale in Sanford? You can browse all Sanford real estate or contact a Coldwell Banker agent to request more information.

