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    218/Hwy 205 Marshville, NC 28103

    Sponsored
    For Sale
    $921,000

    68 Acres, Hwy 205 Frontage, $921,000

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 68.214-acre parcel of residential land presents a unique investment opportunity in Marshville, North Carolina. Located on NC 218/Hwy 205, this property offers significant development potential. The asking price is $921,000, translating to approximately $13,503 per acre. The land is zoned for residential use and boasts a convenient location. Its strategic position offers easy access to local amenities and transportation routes. Noteworthy is the property's adjacency to a 5-acre commercial parcel on the same land tract, totaling approximately 73.214 acres. This proximity to commercial development could enhance the overall value and appeal of the residential land. The property's surroundings include New Salem Elementary School, suggesting a family-friendly neighborhood. Detailed surveys and environmental assessments are recommended for prospective buyers to fully understand the development potential and any associated limitations. This substantial acreage provides ample space for various residential projects, making it an attractive proposition for builders, developers, or investors seeking a significant land holding in a growing area. The property's location and size make it a compelling opportunity for large-scale residential development or subdivision. Further due diligence is advised to confirm zoning regulations and potential development restrictions.

    Property Features for 218/Hwy 205

    General Information

    Property type
    Land
    Lot Size
    2,971,402 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Marshville
    County
    Union
    State
    North Carolina
    Longitude
    -80.372639895329
    Latitude
    35.129042049036

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    FAQs

    What type of property is this?
    Land - 68 Acres, Hwy 205 Frontage, $921,000
    Where is this land located?
    The property is located at 218/Hwy 205 Marshville, NC.
    What is the asking price?
    The asking price for this property is $921,000.
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    218/Hwy 205 Marshville, NC 28103
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    Marshville, NC 28103
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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
    218/Hwy 205 Marshville, NC 28103
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