619 Shannon Rd, Red Springs, NC 28377
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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