99999 Pea Ridge Rd, Mill Spring, NC 28756
This exceptional 37.33-acre commercial land parcel presents a unique investment opportunity in Polk County, North Carolina. Strategically located just 1.5 miles from the Tryon International Equestrian Center, the property boasts approximately 2745 feet of frontage on US-74, ensuring excellent visibility and accessibility. The main entrance is conveniently situated off the paved Pea Ridge Road, providing ideal access to the majority of the acreage. Water and sewer utilities are readily available along Pea Ridge Road, simplifying development plans. The land itself is characterized by a beautiful hardwood forest, multiple natural springs, and abundant wildlife. The gentle topography offers versatile options for land planning, development, and phased construction, catering to a variety of commercial projects. The property is zoned MU and features the APN numbers P115-224, P115-221, and P115-222. The asking price is $1,495,000, translating to approximately $49,558 per acre. This prime location and versatile land make this an exceptional opportunity for commercial development in a desirable area.
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
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.