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    Wallace Mclean Rd Raeford, NC 28376

    Sponsored
    For Sale
    $3,500,000

    Prime Hoke County land, high traffic, development potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 47.08-acre parcel of agricultural land in Raeford, North Carolina, presents a remarkable investment opportunity. Located in Hoke County, at a bustling intersection, this property boasts unparalleled visibility and accessibility, ensuring high traffic volume. The expansive lot size offers immense potential for diverse development projects. Zoned CD, the land is ideally suited for a variety of uses, including retail and residential developments. Imagine a vibrant retail center, complete with shops, restaurants, and entertainment venues, serving the local community and beyond. Alternatively, envision a thoughtfully planned residential community, providing a serene and attractive setting for families. The property's strategic location and substantial size make it an exceptional investment, promising significant returns. The asking price is $3,500,000. The property is owned and located at Wallace Mclean Road, Raeford, NC 28376. This is a rare opportunity to acquire a large tract of land with significant development potential in a rapidly growing area. Don't miss this chance to secure a piece of Hoke County's future.

    Property Features for 0 Wallace Mclean Rd

    General Information

    Property type
    Farms
    Lot Size
    2,050,805 SF

    HighLights

    • 47.08‑acre agricultural parcel in Raeford, NC.
    • High‑traffic location at a bustling intersection in Hoke County, offering excellent visibility and accessibility.
    • CD zoning allows for diverse development, including retail and residential uses.
    • $3,500,000 asking price.
    • Located at Wallace Mclean Road, Raeford, NC 28376.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Raeford
    County
    Hoke
    State
    North Carolina
    Longitude
    -79.257472
    Latitude
    34.9734849

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    FAQs

    What type of property is this?
    Farm - Prime Hoke County land, high traffic, development potential.
    Where is this farm located?
    The property is located at Wallace Mclean Rd Raeford, NC.
    What is the asking price?
    The asking price for this property is $3,500,000.
    What are key features of this property?
    This property features: 47.08-acre agricultural parcel in Raeford, NC.; High-traffic location at a bustling intersection in Hoke County, offering excellent visibility and accessibility.; CD zoning allows for diverse development, including retail and residential uses.
    Request Owner's contact information
    Wallace Mclean Rd Raeford, NC 28376
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    Raeford, NC 28376
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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
    Wallace Mclean Rd Raeford, NC 28376
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