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    Lower River Rd Sanford, NC 27330

    Sponsored
    For Sale
    $4,100,000

    176.9 Acres, Riverfront, Development Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 176.9-acre property in Lee County, North Carolina, presents a unique investment opportunity. Situated along the Cape Fear River in Sanford, the land boasts over a quarter-mile of river frontage and half a mile of road frontage on Lower River Road (address: Lower River Rd, Sanford, NC 27330). The property is zoned RA - Residential Agricultural (APN: 9686-40-2738-00 9685-49-8870-00 9686-60-2278-00) and offers significant development potential. Approved plans exist for an RV park or campground with capacity for up to 211 campsites, providing a lucrative income stream. Alternatively, a conceptual plan outlines a subdivision into 46 residential lots, catering to the growing demand for housing in the area. The location offers convenient access to US Highway 1, and its proximity to Triangle Innovation Point (ViaSat) and the Raleigh Executive Jetport enhances its appeal and accessibility. This expansive tract presents a rare combination of recreational enjoyment and substantial development possibilities, making it an attractive investment for discerning buyers. The asking price for this remarkable property is $4,100,000.

    Property Features for 0 Lower River Rd

    General Information

    Property type
    Land
    Lot Size
    7,705,764 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Sanford
    County
    Lee
    State
    North Carolina
    Longitude
    -79.05497307
    Latitude
    35.56568463

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    FAQs

    What type of property is this?
    Land - 176.9 Acres, Riverfront, Development Potential
    Where is this land located?
    The property is located at Lower River Rd Sanford, NC.
    What is the asking price?
    The asking price for this property is $4,100,000.
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    Lower River Rd Sanford, NC 27330
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Lower River Rd Sanford, NC 27330
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