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Property profile & analytics
OFF-MARKET
Land

0 Lake Sylvia Rd Lincolnton, NC 28092

8.41 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 8.41-acre parcel, located on Lake Sylvia Road in Lincolnton, North Carolina (zip code 28092), presents a prime opportunity for multi-family development. The property, encompassing APN numbers 83582, 83581, and a portion of 17305, is situated in the rapidly growing Lincoln County and boasts convenient access to essential amenities. City water and sewer services are readily available, simplifying infrastructure needs. The land is largely cleared and features relatively flat topography, making it ideal for construction. Its excellent location offers proximity to downtown Lincolnton (five minutes away), grocery stores (approximately two miles), and shopping/drugstores (about one and a half miles). A survey will be conducted to precisely delineate the 8.41 acres prior to closing, ensuring a clear and accurate property transfer. The provided images offer a visual representation of the approximate acreage included. Please note that for projects exceeding six units per acre, a conditional rezoning to PRD may be required by the city of Lincolnton. This property is zoned RMF, making it suitable for various residential developments. The asking price for this remarkable development opportunity is $450,000.

Property profile
Verified
Property type Land
Lot 8.41 ac (366,340 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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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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