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Property profile & analytics
OFF-MARKET
Land

2699 Nc-198 Grover, NC 28073

56 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 56-acre property in Cleveland County, North Carolina, presents a unique investment opportunity with significant short-term and long-term cash flow potential. Located at 2699 NC-198, Grover, NC 28073 (35.196396, -81.528093), this land boasts a majority of merchantable, planted loblolly pine, providing immediate timber value. Adding to its appeal is a hardwood bottom featuring mature hardwoods and a sizable creek, creating a rich ecosystem ideal for hunting and recreation. An existing internal road system ensures easy navigation throughout the property. Its strategic location, minutes from I-85, offers convenient access to both the Charlotte MSA and Upstate South Carolina – two of the fastest-growing regions in the Southeast. This turnkey property offers immediate recreational use and the potential for residential development, making it an attractive investment for those seeking both short-term returns and long-term appreciation. The property is zoned for residential and recreational use. This is a rare opportunity to acquire a versatile property with diverse income streams in a high-growth area. The asking price is $230,000.

Property profile
Verified
Property type Land
Lot 56 ac (2,439,360 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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