2699 Nc-198 Grover, NC 28073
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.
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
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No recorded transactions found for this property.
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Risks
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