Tanglewood Multifamily Development Site

Discover the vibrant potential of the Tanglewood Development Site, located in the heart of the Elizabeth City Micropolitan Statistical Area. This rapidly growing region, nestled in northeastern North Carolina, offers a compelling blend of residential, commercial, and recreational opportunities. The property's enviable proximity to iconic destinations such as the Museum of the Albemarle and the Elizabeth City State University presents a reliable draw for prospective residents and investors alike. With its strong sense of community, access to quality education, and diverse range of amenities, this area holds considerable promise for a savvy Land/Multifamily investor seeking a flourishing market with significant growth prospects.Available for institutional investment and development, this 13.3-acre parcel represents a rare assembled site designed for 220 units of garden-style Class A multifamily housing on unencumbered land positioned outside FEMA Flood Zones, DDA (Downtown Development Area), and QCT (Qualified Census Tract) designations. The site benefits from pre-existing infrastructure connectivity, excellent visibility, and proven tenant demand in a rapidly urbanizing market where new multifamily supply remains constrained. The property's prominent US 17 frontage, combined with the surrounding Tanglewood commercial district's retail and service anchor tenants, creates a compelling value-add development platform for institutional capital seeking predictable, market-rate multifamily returns in an emerging Southeast coastal market.