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    OFF-MARKET
    Land

    2602 Erwin Rd, Dunn, NC 28334

    4.5 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 4.5-acre commercial land parcel, located at 2602 Erwin Road in Dunn, North Carolina (zip code 28334), presents a remarkable investment opportunity. Zoned R-6, this level lot offers significant potential for various development projects. With county water and sewer readily available, the site is conveniently situated within Erwin city limits. The property boasts approximately 196,020 square feet and features public road frontage on a two-lane state-maintained road. Utilities including electricity, gas, cable, and telephone are available on-site. Preliminary engineering plans for a 21-home development are available for review (plans not yet submitted for approval), showcasing the land's potential for residential construction. Alternatively, the expansive acreage could accommodate a variety of commercial ventures, including multi-family dwellings, duplexes, or storage facilities. The property is subject to zoning restrictions. An adjacent 2.5-acre parcel is also available for purchase (MLS#10028035). This property is priced at $450,000.

    Property profile
    Verified
    Property type Land
    Lot 4.5 ac (196,020 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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