0 Bounty Ln, Sanford, NC 27330
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.
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
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.