180 Old Hardin Rd Dallas, NC 28034
- Commercial real estate
- 51.36 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 180 Old Hardin Rd
- Lot size
- 51.36 lot acres
- Property type
- Commercial real estate
Description
Exceptional investment opportunity: a thriving 51.36-acre turf farm located in Dallas, North Carolina, along the South Fork River. This fully operational farm boasts an annual Bermuda sod crop generating between $300,000 and $500,000 in revenue, resulting in a pro-forma NOI of $400,000 and a 33.33% cap rate. The property includes a substantial 40x120 foot equipment and storage shed, two irrigation pivots, a Bucyrus shovel loader, and other valuable equipment. A high-capacity well (over 100 gallons per minute from a depth exceeding 300 feet) ensures reliable irrigation. Further enhancing its value is a unique lifetime sand dredging permit with no limitations, presenting significant additional income potential. Zoned RS-20, this property offers a blend of agricultural and residential uses. Situated in a serene setting just outside Charlotte, NC, this location benefits from strong demand in a rapidly growing metropolitan area. While the property is located in a floodplain, the substantial revenue potential and diverse income streams make it a compelling investment with a projected ROI within 2-3 years. The property address is 180 Old Hardin Rd, Dallas, NC 28034.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Dallas
- County
- Gaston
- State
- North Carolina
- Longitude
- -81.1959382
- Latitude
- 35.3947384
