Property profile

0 Bounty Ln Sanford, NC 27330

OFF-MARKET
Land
10.63 ac lot
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Property summary

AI-generated overview

This exceptional 10.63-acre property presents a unique investment opportunity in Sanford, North Carolina. Conveniently located right off Highway 87 Bypass and within a mile of US 421 Bypass and the new Lee County Sports Complex, this land boasts significant development potential. The property's zoning, designated as Rd and R20/MH, permits residential uses, including mobile homes, making it ideal for a variety of projects. A portion of the land previously operated as a mobile home park, providing existing infrastructure advantages. Access is via a private road, ensuring privacy and control. Existing utilities are in place, with water and power already connected to the property. Several septic tanks, though capped, are present on the site. The property's APN is 9662-83-9851-00. This location offers easy access to major roadways and the amenities of Sanford, while also benefiting from the proximity to the new sports complex, which is expected to drive further growth and development in the area. The asking price for this remarkable property is $315,000. This is a rare opportunity to acquire a substantial parcel of land with existing infrastructure and high development potential in a rapidly growing area.

Property profile

Verified
Property type Land
Lot 10.63 ac (463,043 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Bounty Ln Sanford, NC 27330
Sanford metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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