Property profile

01 Hwy Nebo, NC 28761

OFF-MARKET
Land
71.58 ac lot
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Property summary

AI-generated overview

This exceptional 71.58-acre commercial land parcel presents a unique investment opportunity in McDowell County, North Carolina. Strategically located at the intersection of US Highway 64 and NC Highway 226, this property boasts significant road frontage: approximately 1,090 linear feet along NC 226, 130 linear feet along US 64, 1,190 linear feet along Fortune Road (with multiple access points), and 534 linear feet along Bill Deck Road. Currently unzoned, the property offers considerable flexibility for a variety of development projects, including retail, industrial, or residential uses. Its central location between Morganton, Rutherfordton, and Marion provides easy access to regional amenities and a strong potential market. Recently timbered, the land features established logging roads, facilitating easy exploration and site assessment. The property's expansive size and versatile nature make it an ideal choice for developers and investors seeking a significant landholding with high development potential. The parcel's APN is 165700496782. McDowell County will review and approve any development plans. The asking price is $572,000.

Property profile

Verified
Property type Land
Lot 71.58 ac (3,118,025 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

01 Hwy Nebo, NC 28761
Nebo metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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