Pittsboro Commercial Land Fetches $100,000 Per Acre in 2022

Pittsboro Real Estate Land Broker Eric Andrews represented both the buyer and seller of this property which closed in May 2022. The property was residential and sold as commercial and the 5.6 acres sold for $550,000.

Prior to selling the property, Realty World Carolina Properties managed the house as a rental while we waited for the timing to be right to sell. The property was listed for sale in 2021 and went under contract in a few months.

In this case, these sellers, Len & Angela, were selling a residential property and the buyer purchased it contingent on it becoming a commercial property. This property is located at 45 The Whites Way, Pittsboro, NC 27312. While the property was listed on Loopnet, what ultimately led to the sale was a very visible sign in the front yard.

This property sits at the intersection of Business 64 and Chatham Park Way.

There was a public hearing on January 24, 2022 at the Chatham County Board of Commissioners virtual meeting. The meeting may be viewed online here and the discussion of this property starts at the 30:00 mark (ref: REZ-2021-07):

The property is very likely to become a storage unit facility.

Here’s a picture of the house itself:

45 The Wihtes Way, Pittsboro NC 27312