Property summary
This exceptional 2,178,000 square foot land parcel presents a remarkable investment opportunity in Salem, North Carolina. Located on the outskirts of town, this expansive 50-acre property offers a unique blend of rural tranquility and convenient access to urban amenities. Currently zoned to allow for both commercial and residential development, the property is ideally suited for a variety of uses. The surrounding area is characterized by a mix of manufactured and site-built homes, creating a diverse and established community. This presents a significant advantage for developers seeking to create a thriving residential community or for those looking to establish a commercial venture in a peaceful setting. The property's size and versatility make it an attractive option for large-scale projects or individual development. The asking price is $368,599, and seller financing is available with no credit check required, simplifying the acquisition process. This is a rare chance to acquire a substantial land holding in a desirable location with flexible financing options. Don't miss this opportunity to secure your future in this thriving North Carolina community. The property is located at 0 Seven Springs, Salem, NC 27565.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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