1065 Old Folkstone Rd Sneads Ferry, NC 28460
This exceptional 17.06-acre parcel, located at 1065 Old Folkstone Rd, Sneads Ferry, NC 28460 (APN 427801373454), presents a unique investment opportunity. Zoned RA - Rural Agricultural, it offers significant flexibility for various uses. A previously approved Special Use Permit allows for a 20,000+ square foot brewery, but the property's prime location near the Old Folkstone Road/NC Highway 210 intersection makes it ideal for residential development. Conservatively estimated to accommodate 60+ townhome units, this land is situated in a rapidly growing area with high demand for housing. Extensive due diligence has already been completed, including a survey, topo survey, wetlands survey, Phase I environmental report, geotechnical report, multiple site plans, and the aforementioned approved Special Use Permit – all available to qualified buyers. The area is experiencing substantial commercial expansion, with projects like the North Shore Village expansion and the Topsail Way Shopping Center renovation underway, further enhancing the property's value and potential. This is a rare chance to capitalize on Sneads Ferry's booming real estate market. The property's strategic location at the heart of this growth makes it an exceptional investment opportunity.
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
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.