Property profile

23 Ridgeway - Drewry Rd Manson, NC 27553

OFF-MARKET
Mixed-use properties
0.99 ac lot Built 1930
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Property summary

AI-generated overview

This exceptional mixed-use property, located at 23 Ridgeway-Drewry Road in Manson, North Carolina, presents a unique investment opportunity. Situated on nearly one acre of land at the corner of Ridgeway-Drewry and Jacksontown Roads, this property is ideally positioned to capitalize on the thriving Kerr Lake community. Currently zoned for residential use, county approval for commercial rezoning has been obtained, with the official change pending. The existing single-family dwelling, built in 1930, offers flexibility; it can be repurposed or demolished to accommodate a new commercial venture. The property's potential is vast, with possibilities including a bait and tackle shop, convenience store, or other businesses catering to lake visitors and local residents. The roof was replaced in 2012. Please note that the seller has never occupied the property and therefore disclosures are limited. The home is sold as-is, and its condition is unknown; entry is prohibited without prior approval. No septic permit is on file with Vance County. The asking price is $130,000. This is a truly remarkable chance to acquire a strategically located commercial lot in a high-growth area.

Property profile

Verified
Property type Mixed-use properties
Year built 1930
Lot 0.99 ac (43,124 SF)

Cap rate & NOI

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

Location

23 Ridgeway - Drewry Rd Manson, NC 27553
Manson metro
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Value estimations

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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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