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    OFF-MARKET
    Commercial real estate

    619 Shannon Rd, Red Springs, NC 28377

    264 ac lot
    Individually Owned
    Property ID
    US53-3333326
    Property summary
    AI-generated overview

    This exceptional 264-acre tract in Robeson County, North Carolina, presents a unique development opportunity. Located at 619 Shannon Rd, Red Springs, NC 28377, this property boasts over two miles of combined frontage along Highways 211 and 71, as well as Johnson Road, providing excellent visibility and accessibility. The land, which has been in the same family for generations, serves as the northern gateway to Red Springs. Its strategic location neighbors a light industrial site and includes railroad frontage, offering diverse development potential. Recently rezoned for high-density residential with commercial road frontage, this versatile property allows for a variety of uses. The site features approximately 70 acres of upland timber, 50 acres of wetlands acting as a buffer to Red Springs, and 130 acres currently used for seasonal agricultural production. Convenient access to water, sewer, and gas lines is already in place. The property, identified by APN 934973704081, is being offered at $870,000 and will not be subdivided. This is an unparalleled chance to acquire a substantial parcel with significant commercial and residential possibilities in a rapidly growing area.

    Property profile
    Verified
    Property type Commercial real estate
    Lot 264 ac (11,499,840 SF)
    APN 934973704081
    UPID US53-3333326
    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
    AI Approach AI
    by Request
    CAP Approach CAP
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Robert Stephen Hagen
    Robert Stephen Hagen
    since 2026
    3 recorded transactions
    2026
    $145,000
    2025
    $50,000
    2024
    $818,500
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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