232 Hawthorne Dr Bracey, VA 23919
This 0.46-acre commercial land parcel in Bracey, Virginia, presents a unique investment opportunity near Lake Gaston. Located in the Tanglewood Shores community, this property boasts convenient water access via a community dock, perfect for fishing and boating enthusiasts. The lot is already cleared and features a spacious driveway accommodating up to six vehicles, a 480 sq. ft. patio, and a large inground firepit. A 140 sq. ft. shed with a kitchenette, full bath, and sleeping area is included (note: not approved for permanent living). The property also includes a 300-foot deep well, a 2-bedroom septic system, and an upgraded electrical panel, all previously installed for a 2-bedroom home. An outdoor shower and cooking area add to the outdoor living space. The shed and its furnishings convey with the sale. The HOA requires a minimum 1,000 sq. ft. home for permanent residences (stick-built, modular, or double-wide options available) and charges $650 annually for trash service, grounds maintenance, and assessments. This property offers a tranquil retreat with significant development potential in a desirable lakeside community. The asking price is $78,000. The property's address is 232 Hawthorne Dr, Bracey, VA 23919.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
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