1388 Henry Oldham Rd Bear Creek, NC 27207
This exceptional 4.84-acre commercial land parcel presents a unique opportunity for development in the desirable Bear Creek, North Carolina area. Located at 1388 Henry Oldham Road, this property boasts significant public road frontage and enjoys a picturesque setting amidst farms and acreage homes. The land itself is gently sloped, higher at the rear and leveling towards the road. Professional underbrush clearing has already been completed, revealing mostly mature, straight Carolina pine trees. A significant advantage is the existing 4-bedroom perc permit, eliminating a crucial hurdle in the development process. There are no time restrictions on construction, allowing for flexibility in project timelines. The property is unrestricted, permitting the construction of a variety of structures, including RVs, manufactured homes, modular homes, or a custom-built home with additions such as a hobby garage, guest house, or apartment. The absence of covenants and HOAs ensures minimal restrictions and maximum development freedom. Zoned R-1, this property offers a blend of rural charm and development potential, making it an ideal investment for those seeking a versatile and unrestricted land opportunity in Chatham County, NC, zip code 27207. The property's location offers a peaceful setting while remaining conveniently accessible.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.