2881 Connelly Springs Rd, Granite Falls, NC 28630
This exceptional 10-acre commercial land parcel, located at 2881 Connelly Springs Road in Granite Falls, North Carolina, presents a unique investment opportunity. Boasting 586 feet of road frontage on Connelly Springs Road, this property offers convenient access via the Castle Bridge into Granite Falls. According to Piedmont Natural Gas, connection to their line is possible across the street, although a well will be needed. The property's zoning allows for subdivision, per Caldwell County Planning. Its proximity to the "Castle Bridge" community boat dock provides access to Lake Rhodhiss. Enjoy breathtaking views and easy access to local towns with restaurants and parks featuring nature trails ideal for walking or biking. The property's convenient location near I-40 allows for a short commute to Morganton, Hickory, and Charlotte (approximately 50 minutes). Alternatively, Highway 321 provides access to Lenoir, Blowing Rock, and Boone. Escape the city while enjoying Caldwell County's low taxes, yet remaining within easy reach of fine dining and shopping. The asking price is $199,900. The total lot size is 435,600 square feet.
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
Physical attributes from public recordsZoning & alternative use
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.