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    OFF-MARKET
    Land

    99999 Pea Ridge Rd, Mill Spring, NC 28756

    37.33 ac lot
    Property ID
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Land
    Lot 37.33 ac (1,626,095 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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