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Property profile & analytics
OFF-MARKET
Commercial real estate

1065 Old Folkstone Rd Sneads Ferry, NC 28460

17.06 ac lot
Property ID
US53-3652354
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
Lot 17.06 ac (743,134 SF)
APN 427801373454
UPID US53-3652354
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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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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