0 Murdock Rd Troutman, NC 28677
This exceptional 14.12 +/- acre property in Statesville, North Carolina, presents a remarkable investment opportunity. Located on Murdock Road in Iredell County, this land boasts convenient access to Interstate 77, less than one mile from the Amity Hill Road exit, placing it within easy reach of major transportation routes. Currently zoned RA, this property offers significant potential for rezoning to suit a variety of development plans, as indicated by the Troutman Future Land Use Map suggesting a HI designation as the highest and best use. The site's strategic location near the Troutman extraterritorial jurisdiction (ETJ) further enhances its appeal. The property's proximity to Larkin Country Club & Golf Course and the new Larkin Industrial Park adds to its desirability. The two parcels (APN 4742750467 & 4742668247) are being sold together for $1,400,000, representing a price per acre of $99,150. This prime location, coupled with the potential for residential development and its strategic positioning near established amenities and infrastructure, makes this a compelling investment for both entrepreneurs and developers seeking a foothold in a rapidly growing area. The corner lot configuration adds further value and development flexibility. The property's versatility allows for a range of uses, making it an attractive option for those seeking to capitalize on the area's ongoing expansion and development. Consider the potential for residential development, given the area's growth and proximity to Lake Norman's amenities.
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
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.