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Property profile & analytics
OFF-MARKET
Land

0 Westlee St Shelby, NC 28150

41.79 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 41.79-acre tract in Cleveland County, North Carolina, presents a unique investment opportunity. Strategically located with significant frontage on both the new Highway 74 Bypass and Highway 74 itself, this property offers unparalleled visibility and accessibility for businesses seeking exposure to the high volume of traffic traveling between Charlotte and Asheville. Currently utilized as income-generating farmland, the land boasts a versatile mix of tillable and timbered areas, primarily level terrain. Natural features enhance the property's appeal, including a natural spring, several creeks, and an approximately one-acre pond. County water is readily available on Westlee Street, and electricity is conveniently located nearby. The property's zoning allows for both agricultural and commercial uses, making it suitable for a variety of development projects. The seller is open to subdividing the parcel into smaller tracts, providing flexibility for potential buyers with varying needs and investment strategies. The APN is 31982. This is a rare opportunity to acquire a large, well-situated parcel with significant development potential in a rapidly growing area. The asking price is $999,999.

Property profile
Verified
Property type Land
Lot 41.79 ac (1,820,372 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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