656 Kendal Dr, Leicester, NC 28748
This exceptional 2-acre residential lot in Leicester, North Carolina, presents a fantastic opportunity for homebuyers or developers. Priced at $53,000, this easy-to-build homesite boasts pre-grading, simplifying the construction process. The property, located at 656 Kendal Dr, Leicester, NC 28748 (latitude 35.6962789, longitude -82.821738), offers stunning views of the surrounding mountains and farmlands, creating a serene and picturesque setting. The lot's size and existing grading make it ideal for constructing a single-family residence. However, its strategic location also presents a compelling option for developers seeking to acquire a larger parcel. Combining this lot with adjacent properties could create a desirable three-lot development package. This property is situated in Madison County and provides a tranquil escape while remaining conveniently located. The asking price represents excellent value for a build-ready lot with such desirable features and breathtaking views. Don't miss this chance to secure your dream homesite or a promising development opportunity in this beautiful North Carolina location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.