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    1065 Old Folkstone Rd Sneads Ferry, NC 28460

    Sponsored
    For Sale
    $1,500,000

    17-Acre Commercial/Residential Site

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    This exceptional 17.06-acre parcel, located at 1065 Old Folkstone Rd, Sneads Ferry, NC 28460 (APN 427801373454), presents a unique investment opportunity. Zoned RA - Rural Agricultural, it offers significant flexibility for various uses. A previously approved Special Use Permit allows for a 20,000+ square foot brewery, but the property's prime location near the Old Folkstone Road/NC Highway 210 intersection makes it ideal for residential development. Conservatively estimated to accommodate 60+ townhome units, this land is situated in a rapidly growing area with high demand for housing. Extensive due diligence has already been completed, including a survey, topo survey, wetlands survey, Phase I environmental report, geotechnical report, multiple site plans, and the aforementioned approved Special Use Permit – all available to qualified buyers. The area is experiencing substantial commercial expansion, with projects like the North Shore Village expansion and the Topsail Way Shopping Center renovation underway, further enhancing the property's value and potential. This is a rare chance to capitalize on Sneads Ferry's booming real estate market. The property's strategic location at the heart of this growth makes it an exceptional investment opportunity.

    Property Features for 1065 Old Folkstone Rd

    General Information

    Property type
    Land
    Lot Size
    743,134 SF

    HighLights

    • $1,500,000 asking price.
    • 17.06‑acre land parcel in Sneads Ferry, NC.
    • RA (Rural Agricultural) zoning.
    • Located at 1065 Old Folkstone Rd, Sneads Ferry, NC 28460 (APN: 427801373454).
    • Potential for 60+ unit townhome development; previously approved for a 20,000+ sq ft brewery.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Sneads Ferry
    County
    Onslow
    State
    North Carolina
    Longitude
    -77.429606170876
    Latitude
    34.525623992743

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    FAQs

    What type of property is this?
    Land - 17-Acre Commercial/Residential Site
    Where is this land located?
    The property is located at 1065 Old Folkstone Rd Sneads Ferry, NC.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: $1,500,000 asking price.; 17.06-acre land parcel in Sneads Ferry, NC.; RA (Rural Agricultural) zoning.
    (910) 520-5223
    Request Owner's contact information
    1065 Old Folkstone Rd Sneads Ferry, NC 28460
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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
    1065 Old Folkstone Rd Sneads Ferry, NC 28460
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