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Property profile & analytics
OFF-MARKET
Land

1079 Round Rock Rd Lenoir, NC 28645

2.9 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 2.9-acre commercial land parcel presents a unique investment opportunity in the desirable Coves Mountain River Club, located at 1079 Round Rock Rd, Lenoir, NC 28645. Priced at $49,900, this property offers significant potential for development within a gated community boasting an array of amenities. The expansive lot provides ample space for various commercial ventures, while its location within the 3500+ acre Coves Mountain River Club ensures a tranquil and picturesque setting. Enjoy potential mountain views, mature trees, and a high degree of privacy. Community amenities include a clubhouse with a fitness center, swimming pool, hot tub, and fire pit, all offering stunning views of the South and Blue Ridge Mountains, including iconic peaks like Grandfather, Table Rock, and Hawksbill. Extensive walking trails wind throughout the community, and residents have access to an equestrian center, a community garden, and a vineyard situated along the Johns River, perfect for kayaking, fishing, or gold panning. A key advantage is the absence of any building deadlines, allowing for flexible development timelines. Owner financing is available, making this an even more attractive proposition for discerning investors. This property is ideally suited for those seeking a blend of commercial potential and a serene, amenity-rich environment. Don't miss this chance to acquire a piece of this remarkable community.

Property profile
Verified
Property type Land
Lot 2.9 ac (126,324 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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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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